NorthMarq Capital arranged $22.067 million mortgage for Mountain Park Ranch Apartments in Phoenix, Arizona
Mountain Park Ranch Apts
PHOENIX – NorthMarq Capital's Phoenix-based regional office, arranged acquisition financing of $22,067,000 for Mountain Park Ranch Apartments located in Phoenix, Arizona. This Class A property consists of 240 multifamily units in 17, two-story residential buildings. Financing was based on a 10-year term with 2 years interest only followed by a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Tuscan Townhomes LLC, through its seller-servicer relationship with Freddie Mac.
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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.
