Retail - Debt

NorthMarq seals $8.1 million refinance of Alma Park Shopping Center in Chandler, Arizona

PHOENIX, ARIZONA (August 8, 2019) – James DuMars, senior vice president/managing director in NorthMarq’s Phoenix-based regional office, arranged the $8.1 million refinancing of Alma Park Shopping Center. The 68,678 sq. ft. retail is located at 2040 & 2050 North Alma School Road in Chandler, 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 CMBS lender.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.