Retail (MT)
Debt & Equity

NorthMarq Capital’s Phoenix office arranges $1.3 million refinance of Union Plaza in Tempe, Arizona

PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $1.3 million refinance of Union Plaza, a 38,000 sq. ft. retail property located at 1440 North Scottsdale Road in Tempe, Arizona. The loan was structured with a 7-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a national bank. 

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.

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Union Plaza
Permanent Loan - Fixed
$1,300,000