NorthMarq Capital’s Denver office arranged debt of $3,055,000, as well as equity totaling $987,000 for Sunflower Apartments located at 6502 E. Golf Links Road in Tucson, Ariz.
The gated community consists of 144 units contained in eighteen, two-story buildings. Property amenities feature fitness center, pool and spa, 24-hour laundry facility, racquetball court, and playground. Units have Wi-Fi, vaulted ceilings, private entryways and balconies or patios.
Paul Bruder, vice president; and Conor McCahill, investment analyst, arranged the financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.