An investor has secured a $22 million loan to acquire MarQ at 1st in Tempe, a 164-unit class-B apartment building. NXT Capital funded the acquisition loan.
Located at Tempe Town Lake and a mile from northwest Arizona, MarQ at 1st includes two pools, a 24-hour fitness center, enclosed bike station with racks and outdoor barbecue and picnic areas.
Scott Holland and Jeremy Hammill in the Phoenix office of Berkadia Commercial Mortgage placed the loan with NXT Capital.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
