Joe Giordani Of NorthMarq Arranges $17.9M Refinance For Bullhead City Multifamily Property

The Stone Ridge Apartments, a 204-unit multifamily property located at 3396 Sun River Road in Bullhead City, Arizona, was refinanced for $17.9 million. The loan, facilitated by Northmarq Debt + Equity and led by Joe Giordani, features a 10-year term with five years of interest-only payments. The property, constructed in 1990, stands as a significant asset within the Bullhead City real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,900,000
• Asset Type: Multifamily
• Units: 204
• Address: 3396 Sun River Road
• Market: Bullhead City, AZ
• Broker: Joe Giordani - NorthMarq
• Loan Type: Refinance
• Loan Terms: 10-year term with five years interest-only

Joe Giordani of NorthMarq played a pivotal role in arranging the $17.9 million refinancing deal for the Stone Ridge Apartments. With his expertise, the property received favorable loan terms that align with the market dynamics of Bullhead City, Arizona, showcasing the importance of knowledgeable professionals in successful real estate transactions.