NorthMarq Capital’s Phoenix office secures supplemental financing of $4.225 million for Whispering Palms
Whispering Palms
PHOENIX (December 28, 2015) – Luke Donahue, senior director and John Kinser, vice president of NorthMarq Capital’s Phoenix regional office negotiated supplemental financing of $4.225 million for Whispering Palms, a 200-unit multifamily property located in Phoenix, Arizona. The transaction was structured with a 7-year term followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.
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.
