Northmarq arranges acquisition financing of $11.31 million for Casa Nueva in Phoenix, Arizona
PHOENIX, ARIZONA (September 9, 2021) – Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix office completed acquisition financing of $11,310,000 for Casa Nueva. The 90-unit multifamily property, built in 1981, is located at 2502 East Greenway Road in Phoenix, Arizona. The transaction was structured with a 7-year term with 2-years of interest only followed by a 30-year amortization schedule. Northmarq arranged financing for the borrower through its Optigo status as a Freddie Mac lender.
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.
