Northmarq Provides $22.95M Freddie Mac Mortgage Financing For Phoenix Multifamily Property
FINANCED
$22,950,000
Arizona
See Similar DealsMultiFamily
Financed 06/12/2022
FINANCED
Northmarq Provides $22.95M Freddie Mac Mortgage Financing For Phoenix Multifamily Property
3001 North Black Canyon Highway, Phoenix, Arizona 85015, United States
See Similar DealsMultiFamily
Financed 06/12/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 3001 North Black Canyon Highway in Phoenix, AZ has been involved in a recent loan transaction. The property consists of 214 units and was financed through a loan provided by Northmarq. The loan amount for the transaction was $22,950,000, and the financing was secured through Freddie Mac mortgage financing.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,950,000
- Address: 3001 North Black Canyon Highway, Phoenix, AZ
- Market: Phoenix, AZ
- Units: 214
- Lender: Northmarq
- Loan Type: Freddie Mac mortgage financing
This transaction involved the financing of the multifamily property at 3001 North Black Canyon Highway. The loan was provided by Northmarq, and the financing was facilitated through Freddie Mac mortgage financing. The individuals and companies involved in this transaction played significant roles in securing the loan and ensuring a successful transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,950,000.00
Monthly NOI$153,000.00
Monthly Debt Service$145,059.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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