NorthMarq Capital arranges $14.8 million financing for Seville Professional Center in Scottsdale, Arizona

Seville Professional Center
Debt & Equity
Multi-Tenant
Office
Bridge Loan
Bank
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PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office, and Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco-based regional office arranged a $14.8 million loan on the refinance of Seville Professional Center, an approximately 92,000 sq. ft. multi-tenant office building in Scottsdale, Arizona. The transaction was structured with a 12-month term, interest-only, and two, 12-month extension options. NorthMarq arranged financing for the borrower through its relationship with a bridge-lender. "The client needed a bridge solution to accommodate their CMBS loan maturity. We were able to tap our existing lending relationships and close in 10 days," said DuMars. 

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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.
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