NorthMarq Capital arranges $3.2 million acquisition of Calle Central Apartments in Phoenix, Arizona
Calle Central Apts
DENVER (April 10, 2014) – John M. Stewart, senior vice president and Dan Zale, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.2 million acquisition of Calle Central Apartments, a 128-unit multifamily property located at 8818 South Central Avenue, Phoenix, Arizona. The transaction was structured with a 3-year term and 20 year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank. The two-three story buildings that make-up the property contain such amenities as: two outdoor swimming pools, laundry facilities and a playground. The new owners will be significantly renovating the property in two phases.
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.
