NorthMarq negotiates $7.28 million refinance of Corona Del Sol in Phoenix, Arizona
PHOENIX, ARIZONA (October 28, 2020) – Griffin Martin, senior vice president/managing director and James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office arranged the $7.28 million refinancing of Corona Del Sol. The 64-unit multifamily property is located at 27 East Corona Avenue in Phoenix, Arizona. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-floating loan through its status as a Freddie Mac Optigo lender.
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