June 17, 2013

NorthMarq Capital arranged $3.75 million mortgage for Blue Sky Airport Parking Facility in Phoenix, Arizona

Blue Sky Airport Parking Facility

Debt & Equity

Multi-Tenant

PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital's Phoenix regional office, and Eric Flyckt, svp/managing director of NorthMarq’s San Diego office, cooperated to arrange first mortgage refinancing of $3.75 million for Blue Sky Airport Parking Facility located at 3025 S. 48th Street (48th Street & University Drive) in Phoenix, Arizona. This asset is situated on 13.156 acres with 1,542 parking spots, of which 1,082 are covered. Financing was based on a 5-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a regional bank.

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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 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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