NorthMarq Capital arranges financing for retail property located in McKinney, Texas
Stonebridge Crossing
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix based regional office secured the $5.775 million refinance of Stonebridge Crossing, a 35,281 sq.ft. shadow-anchored retail property located at 6700, 6710 and 6840 Virginia Parkway, McKinney, Texas. The transaction was structured with a 10-year term with 5-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Centennial Medical Center will feature as one of the major tenants of the property.
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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.
