Northmarq’s Phoenix office completes $18,070,000 refinance of grocery shadow-anchored and 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 $18,070,000 refinance of a grocery shadow-anchored and anchored retail property. The 134,358 square foot grocery shadow-anchored and anchored retail center is located at 10509, 10515, 10525, 10565, 10571, 10575, 10595, 10625 and 10645 North Oracle Road in Oro Valley, Arizona. The transaction was structured with a 10-year term, with 5-years of interest only, followed by a 30-year amortization. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a CMBS lender.
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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.
