Northmarq completes $2 million refinance of grocery anchored retail property in Phoenix, 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 76,951 square foot grocery anchored retail center is located at 6025 North 27th Avenue and 2624 West Bethany Home Road in Phoenix, 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.
Meet our team
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.
