Northmarq’s New York office arranges $4.2 million refinance of Marbella Shopping Center in Phoenix
Marbella Shopping Center
NEW YORK (August 2, 2023) — Robert Delitsky, senior vice president/managing director, and Dylan Hamer, vice president, of Northmarq’s New York City Debt and Equity team arranged the $4.2M financing for Marbella Shopping Center. The 64,228 sq. ft. retail strip center is located at 2901-2957 West Bell Road in Phoenix, Ariz. Northmarq secured the permanent loan for the borrower through its correspondent relationship with Symetra.
Marbella Shopping Center is located in a popular business and retail area with a high population growth rate. Tenants at the shopping center include Gateway Community College, Ombudsman Educational Services, Sherwin-Williams and US Egg Restaurant.
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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.
