NorthMarq Capital Closes $5.3M Acquisition Financing for Paradise Vista Apartments

Paradise VistaNorthMarq Capital’s Denver based regional office secured the $5.3 million acquisition of Paradise Vista Apartments, a multifamily property containing 24, two-story buildings with 352 total units located at 7102 North 43rd Ave in Phoenix.

The transaction was structured with an eight-year term and 30-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with a regional bank.

Property amenities include covered parking, as well as six onsite laundry facilities. The new owners plan to make renovations to the property.

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