Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-NorthMarq has arranged acquisition financing of $22,068,000 for Mountain Park Ranch Apartments. The class-A property consists of 240 multifamily units in 17 two-story residential buildings.

Luke Donahue and John Kinser of the firm’s local regional office arranged the financing on behalf of Tuscan Townhomes LLC. Financing was based on a 10-year term with two years interest only, followed by a 30-year amortization schedule. NorthMarq arranged the financing for the borrower through its seller-servicer relationship with Freddie Mac.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.