NorthMarq Capital’s Phoenix office arranges $2.85 million refinance of Paseo Del Oro in Chandler, Arizona
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $2.85 million refinance of Paseo Del Oro, a 97,004 sq. ft. retail property located at 3029 North Alma School Road in Chandler, Arizona. The loan was structured with a 10-year term with 7-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
Meet our team
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
