NorthMarq arranges $8.5M refinance of Napa Place Apartments

PHOENIX, ARIZ. –James DuMars, senior vice president/managing director and Griffin Martin, senior producer in NorthMarq’s Phoenix-based regional office, negotiated the $8,500,000 refinancing of Napa Place Apartments, a 100-unit multifamily property located at 11600 North 75thAvenue in Peoria, Arizona.

Napa Place

The transaction was structured with a 10-year term with 5-years interest-only followed by a 30-year amortization schedule. NorthMarq secured financing for the borrower through its relationship with Freddie Mac.

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As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.

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