NorthMarq Capital negotiates $1 million refinance of retail property in Chandler, Arizona
Chandler Plaza
PHOENIX – NorthMarq Capital’s Phoenix based office secured the $1 million refinance of the Chandler Plaza, a 6,900 sq.ft. retail property located at 1050 W. Chandler Boulevard in Chandler, Arizona. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional Credit Union. Filbertos and Sweeties Candy of Arizona represent the property’s major tenants.
“The borrower was looking for an interest rate in the low four percent range with a 30-year amortization and no pre-payment penalty,” explained Teske. “We were able to get this done through a California based credit union since the borrower resides in LA.”
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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.
