Retail - Debt

NorthMarq’s Phoenix negotiates $2.25 million refinance of Mountainview Village in Mesa, Arizona

PHOENIX, ARIZONA (December 12, 2019) – James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office arranged the $2.25 million refinance of Mountainview Village, a retail property located at 108621 East Baseline Road in Mesa, Arizona.   

Financing Details:
– 10-year term
– 20-year amortization schedule
– Permanent-fixed loan
– NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.  

Property Details:
– The retail property contains 12,836 sq. ft.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.