NorthMarq Capital arranges $1.45 million refinance of Union Plaza in Tempe, Arizona

Union Plaza
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PHOENIX – James DuMars, senior vice president and managing director of NorthMarq Capital's Phoenix regional office arranged refinancing of $1.45 million for Union Plaza, a 38,000 sq.ft. retail center located at 1428-1526 N. Scottsdale Road, Tempe, Arizona. Financing was based on 7-year term and a 25-year amortization period. NorthMarq arranged this financing for the borrower through its relationship with a national bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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