Northmarq finalizes $4 million refinance of student housing property in Tucson, Arizona
LOS ANGELES, CALIFORNIA (January 25, 2022) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office, secured the $4 million refinance of University Manor. The three-building/2-floor 58-unit student housing property (built in 1978) is located at 1525 North Euclid Avenue in Tucson, Arizona. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a commercial bank.
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