NorthMarq Capital’s Phoenix office arranges $7.3 million bridge loan for Alma Park Shopping Center in Chandler, Arizona
Alma Park Shopping Center
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office, arranged a bridge loan totaling $7.3 million for a 69,198 sq. ft. retail property located at 2050 North Alma School Road in Chandler, Arizona. The transaction was structured with a two year term with two years interest only. Dollar Tree and Ace Hardware represent the property’s major tenants.
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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.
