NorthMarq Capital arranges $52.7 million in loans for a six property industrial warehouse portfolio in the Phoenix and Tolleson, Arizona
Industrial Warehouse Portfolio
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, arranged $52.7 million (the aggregate of all individual loans) on the refinance of six industrial warehouse properties, totaling almost 1,200,000 sq. ft., located in Phoenix and Tolleson, Arizona. The financing of the portfolio was through its correspondent relationship with a life insurance company.
"These are competitively positioned, brochure quality institutional assets which are highly sought after by the life companies," said DuMars.
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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.
