Northmarq’s Phoenix office negotiates $9.45 million refinance of shadow-anchored retail center in Oro Valley, Arizona
PHOENIX, ARIZONA (July 28, 2022) – James DuMars, senior vice president/managing director and Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $9,450,000 refinance of a shadow-anchored retail property. The 78,171 square foot shadow-anchored retail center is located at 10785, 10805 and 10825 North Oracle Road in Oro Valley, Arizona. The transaction was structured with a 10-year term, with 18-months of interest only, followed by a 25-year amortization. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a regional bank.
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