Phoenix, Arizona – Michael Elmore and Ory Schwartz collaborated to arrange the $17,039,000 refinance of View 32, a multifamily property located at 10801 North 32nd Street in Phoenix, Arizona.
“NorthMarq was able to put this deal under application as the property was nearing stabilization by getting Freddie Mac comfortable that the subject would be fully stabilized by the time the loan went in for full approval.”Ory Schwartz
– 10-year term with 3-years of interest only payments
– 30-year amortization schedule
– NorthMarq arranged financing for the borrower through its relationship with Freddie Mac
– Permanent-fixed loan
– The Class A property contains 135 units. It was constructed in 2018.
– Property amenities include: Controlled access, gas BBQ grills, high ceilings, parking, refrigerated package lockers, washer/dryer in unit, wood floors, gated outdoor space with sundeck, high speed internet access, air conditioning, heating, fitness center, spa/spool, maintenance on-site, property manager on0site, business center, clubhouse, lounge, storage space and conference room. Full list of amenities listed here.
– The property, located off of 32nd Street and Shea Boulevard, is positioned near many local restaurants, bars, gyms and other attractions.
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.