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Berkadia Arranges $22 Million Acquisition Financing for 164-Unit Student Housing Community Near Arizona State

MarQ-at-1st-Tempe-AZ

MarQ at 1st, located near Arizona State University in Tempe, Ariz., offers shared amenities including two swimming pools.

TEMPE, ARIZ. — Berkadia has arranged $22 million in acquisition financing for MarQ at 1st, a 164-unit community located one mile northwest of the Arizona State University campus in Tempe.

Scott Holland and Jeremy Hammill of Berkadia Commercial Mortgage secured the loan through NXT Capital. Terms of the financing and the identity of the borrower were undisclosed.

The community offers shared amenities including two swimming pools, a 24-hour fitness center and outdoor picnic and barbecue areas.

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