January 28, 2013

NorthMarq Capital's Phoenix office arranged $3.56 million mortgage for Whispering Palms in Phoenix, Arizona

Whispering Palms

Debt & Equity

Multi-Tenant

PHOENIX – NorthMarq Capital's Phoenix Regional office arranged acquisition financing of $3.56 million for Whispering Palms, a 200-unit market-rate multifamily community located at 1401 N. 43rd Avenue in Phoenix, Arizona. Financing was based on a 10-year term and was arranged for the borrower, Whispering Palms Estates, LLC, by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender. “The borrower was looking for a 40-day, year-end closing,” said Kinser. “NorthMarq and its affiliate company, AmeriSphere, worked closely with the borrower to affect a 40-day Fannie Mae loan closing.”

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.