NorthMarq Capital’s Los Angeles office negotiates $2,375,000 refinance for Maryvale Medical Center in Phoenix, Arizona
Maryvale Medical Center
LOS ANGELES (July 18, 2017) David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged refinancing of $2,375,000 for Maryvale Medical Center, a 22,173 sq. ft. medical office property located in Phoenix, Arizona. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a credit union. “This was a challenging deal to finance with current occupancy at approximately 70 percent,” said Blum.
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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.
