PHOENIX – NorthMarq Capital's Phoenix regional office, arranged first mortgage refinancing of $3.4 million for Plaza Medical & Research Center II, a 33,738 sq. ft. medical office building located at 13090 North 94th Drive in Peoria, Arizona. Financing was based on 10-year term and a 25-year amortization period. NorthMarq arranged this financing for the borrower, Plaza Medical and Research Center, Phase II, L.L.C., through its relationship with a life company lender.
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.