NorthMarq Capital’s Phoenix office secures supplemental financing of $4.225 million for Whispering Palms

Whispering Palms
0000000000000000000000000718309
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.

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.

Image
NM Web Icon News Black

Stay on top of industry research