JPMorgan Chase Provides $41M Acquisition Loan For The Kirkland Multifamily In Phoenix, AZ

The loan transaction for the property located at 700 North 4th Street in Phoenix, AZ took place on 05/24/2023. The property is a multifamily asset consisting of 234 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Market: Phoenix, AZ
• Lender: JPMorgan Chase
• Landlord: The Kirkland
• Brokers: Marcus & Millichap
• Loan Type: Acquisition

JPMorgan Chase provided a loan amount of $41,000,000 for the acquisition of the multifamily property at 700 North 4th Street. The lenders played a crucial role in facilitating the transaction, ensuring the successful completion of the deal. The Kirkland acted as the landlord, overseeing the property and its management. Marcus & Millichap represented the buyer and seller, serving as the brokers in the transaction.