NorthMarq Capital arranges $2.3 million mortgage for Sun Valley Plaza in Mesa, Arizona
Sun Valley Plaza
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital's Phoenix regional office, arranged first mortgage refinancing of $2.3 million for Sun Valley Plaza, a 94,094 sq. ft. retail center. The property is located at 7246-7340 E. Main Street in Mesa, Arizona (Main Street and ½ mile east of Power Road and ½ mile west of Sossaman Road). Main Street Antique Mall, Denim & Diamonds, and Wild West Mercantile are major tenants at the site. Financing was based on a 7-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local bank.
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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.
