Multifamily - Debt


NorthMarq’s Phoenix office arranges $35,970,000 refinance of The Trails at San Tan in Gilbert, Arizona

PHOENIX, ARIZONA (July 24, 2020) – James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office negotiated the $35,970,000 internal refinance of The Trails at San Tan. The 314-unit multifamily property is located at 2505 East Williams Field Road in Gilbert, Arizona. The transaction was structured with a 10-year interest-only term. NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team.  

“We closed this loan in 3 weeks from signed loan application,” said DuMars. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.