NorthMarq Capital arranges $6.5 million financing for Scottsdale Atrium Professional Building
PHOENIX – NorthMarq Capital’s Phoenix regional office arranged the $6.5 million refinance of Scottsdale Atrium Professional Building, a 71,516 sq.ft. office building located at 14300 N. Northsight Boulevard., Scottsdale, Arizona. The transaction was structured with a 10-year term and was arranged for the borrower by NorthMarq through its relationship with correspondent life company. The high quality office building is designed to house small and medium sized tenants. “The location and quality of this building combined with the excellent professional management team at Camidor Property Services continues to make this asset a true stand out,” said Stults. We were pleased to provide long-term, fixed rate financing with a flexible prepayment schedule and attractive rate.”
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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.
