Arranges financing for luxury apartment complex in Nevada
The Equestrian on Eastern
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix based regional office arranged financing on a luxury apartment community, consisting of 376-units and located in Henderson, N.V. The transaction was structured with 10-year term with a 10-year interest only period. NorthMarq arranged the $29 million loan for the borrower through its relationship with a correspondent life company.
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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.
