Northmarq’s Phoenix office arranges $2 million refinance of retail property in Chandler, Arizona
PHOENIX, ARIZONA (May 12, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $2,000,000 refinance of a retail property. The 97,073 square foot retail center is located at 1964-1996 North Alma School Road in Chandler, Arizona. The transaction was structured with a 10-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a correspondent life insurance company.
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