Retail - Debt

NorthMarq Capital’s Phoenix office arranges $3.6 million refinance of Business Park North in Chandler, Arizona

PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $3.6 million refinance of Business Park North, a 99,809 sq. ft. retail property located at 3205-3245 N Arizona Ave in Chandler, Arizona. The loan was structured with a 10-year interest-only term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.