NorthMarq Capital arranged $3.8 million mortgage for Airpark 183 in Scottsdale, Arizona
Airpark 183
PHOENIX – NorthMarq Capital's Phoenix-based regional office, arranged first mortgage refinancing of $3.8 million for Airpark 183 located at 16099 and 16101 North 82nd Street in Scottsdale, Arizona. This asset is a well-located, 57,493 sq. ft. industrial/flex property offering showroom space with significant frontage along Frank Lloyd Wright Blvd. as well as traditional office/warehouse space. She Knows, LLC is the major tenant at the site. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. “Airpark 183 is a quintessential asset within the Scottsdale Airpark,” Stults said. “Our correspondent life insurance company understood the strength and desirability of this submarket as well as the subject property, while our Canadian-based client was pleased with our lender’s flexible terms and attractive fixed rate.”
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
