NorthMarq Capital arranges $6.5 million financing for Scottsale Atrium Professional Building

PHOENIX – NorthMarq Capital’s Phoenix regional office arranged the $6.5 million refinance of Scottsdale Atrium Professional Building, a 71,516 sq.ft. office building located at 14300 N. Northsight Boulevard., Scottsdale, Arizona. The transaction was structured with a 10-year term and was arranged for the borrower by NorthMarq through its relationship with correspondent life company. The high quality office building is designed to house small and medium sized tenants. “The location and quality of this building combined with the excellent professional management team at Camidor Property Services continues to make this asset a true stand out,” said Stults. We were pleased to provide long-term, fixed rate financing with a flexible prepayment schedule and attractive rate.”