Northmarq secures $11.542 million refinance of The Crossings on Grande in Tucson, Arizona
PHOENIX, ARIZONA (November 9, 2022) – Griffin Martin, senior vice president/managing director, and James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $11,542,000 refinance of The Crossings on Grande. The 144-unit multifamily property is located at 410 North Grande Avenue in Tucson, Arizona. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. Northmarq negotiated the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender.
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