Northmarq’s New York office arranges $4.2 million refinance of Marbella Shopping Center in Phoenix
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.
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.
