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