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PHOENIX, AZ - Northmarq’s debt and equity team of Brandon Harrington, and Tyler Woodard secured $85.31 million in construction financing for the development of The ONE @ Mountain Vista in Mesa, Arizona. The capital stack included a $59.2 million senior construction loan with a life insurance company, and preferred equity in the amount of $25.95 million from a real estate private equity firm. The combined senior construction loan and preferred equity was over 80 percent loan-to-cost (LTC.).

United statesCity of mesaMountain vistaBrandon harringtonTyler woodardStan johnson companyTalos holdingsSignal butte roadHampton avenueSuperstition mountainsMarket insights greater phoenix multifamilyFour pillars capital markets