Northmarq finalizes $2 million refinance of an anchored retail strip center in Phoenix, Arizona
Retail Strip
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 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.
