NorthMarq Capital’s Phoenix office secures supplemental financing of $4.225 million for Whispering Palms
Whispering Palms
PHOENIX (December 28, 2015) – Luke Donahue, senior director and John Kinser, vice president of NorthMarq Capital’s Phoenix regional office negotiated supplemental financing of $4.225 million for Whispering Palms, a 200-unit multifamily property located in Phoenix, Arizona. The transaction was structured with a 7-year term followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
