Northmarq completes acquisition financing of $3,375,000 for The Eugie Apartments in Phoenix, Arizona
PHOENIX, ARIZONA (January 9, 2023) – Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix debt/equity office, arranged acquisition financing of $3,375,000 for The Eugie Apartments. The 25-unit multifamily property (built in 1984) is located at 2216 East Eugie Terrace in Phoenix, Arizona. The transaction was structured with a 7-year term with 4-years of interest only payments. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with a local bank.
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.
