Northmarq’s Phoenix office completes $18,070,000 refinance of grocery shadow-anchored and anchored retail center in Oro Valley, Arizona
Retail Center
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 one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
