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.”
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.