Northmarq’s Phoenix office completes $22 million acquisition of Class “A” multifamily property in San Antonio, Texas
PHOENIX, ARIZONA (September 23, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $22,000,000 acquistion of a Class “A” multifamily property. The 304-unit Class “A” multifamily property is located at 1202 Evans Road in San Antonio, Texas. The transaction was structured with a 10-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its Fannie Mae DUS platform.
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