PHOENIX, ARIZONA (May 10, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $1,500,000 refinance of an anchored retail property. The 66,625 square foot anchored retail center is located at 6440-6460 South Rural Road in Tempe, 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.
Retail - Debt