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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
