Northmarq finalizes $2 million refinance of an anchored retail strip center in Phoenix, 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 an anchored retail property. The 94,328 square foot anchored center is located at 2919 and 2929 North 75th Avenue and 7402 and 7440 West Thomas Road in Phoenix, 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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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.
