Northmarq’s Phoenix office negotiates $50,320,000 million refinance of Class “A” multifamily property in Henderson, Nevada
PHOENIX, ARIZONA (July 15, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $50,320,000 refinance of a Class “A” multifamily property. The 376-unit Class “A” multifamily property is located at 10701 South Eastern Avenue in Henderson, Nevada. The transaction was structured with a 12-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a correspondent life insurance company.
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