Northmarq’s Phoenix office secures $2.25 million refinance of anchored retail strip in Chandler, Arizona
PHOENIX, ARIZONA (June 3, 2021) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $2,250,000 refinance of an anchored retail property. The 103,917 square foot anchored retail center is located at 2974-2990 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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