Stockdale Capital Partners has closed a $72.3 million permanent loan from Nuveen to finance its recent all-cash acquisition of Quincy at Kierland, a newly delivered 266-unit luxury midrise multifamily community in Scottsdale, Ariz.
The five-year, floating-rate loan was arranged by IPA in the firm’s Los Angeles office.
The ability to close quickly and with absolute certainty of execution has become essential for both buyers and sellers seeking a successful transaction in today’s challenging real estate market, according to Samuel Palmer, managing director at Stockdale, who leads the company’s multifamily platform, with Chase Jensen, managing director.
“Our strong balance sheet enables us to move decisively, including the ability to present all cash offers that remove financing risk and streamline the closing process,” said Palmer. “From there, we rely on our trusted partners, like Brian’s team at IPA, to structure the optimal financing for the ass
