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