NorthMarq’s Chicago office arranges $4.5 million refinance of a retail property in Mesa, Arizona
CHICAGO, ILLINOIS (March 4, 2020) – Erik Kunz, vice president of NorthMarq’s Chicago office secured the $4.5 million refinance of a 17,908 sq. ft. retail center located in Mesa, Arizona. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
