Northmarq’s Phoenix office secures $2,000,000 refinance of grocery anchored retail property in Glendale, Arizona
PHOENIX, ARIZONA (April 27, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $2,000,000 refinance of a grocery anchored retail property. The 83,510 square foot grocery anchored retail center is located at 6020-6052 North 59th Avenue in Glendale, Arizona. The transaction was structured with a 10-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a correspondent life insurance company.
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