July 20, 2017

NorthMarq Capital’s Los Angeles office negotiates $2,375,000 refinance for Maryvale Medical Center in Phoenix, Arizona

Maryvale Medical Center

Debt & Equity

Multi-Tenant

LOS ANGELES (July 18, 2017) David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged refinancing of $2,375,000 for Maryvale Medical Center, a 22,173 sq. ft. medical office property located in Phoenix, Arizona. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a credit union. “This was a challenging deal to finance with current occupancy at approximately 70 percent,” said Blum.

Available Medical Office properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.