NorthMarq Capital’s Phoenix office arranges $1.3 million refinance of Union Plaza in Tempe, Arizona
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $1.3 million refinance of Union Plaza, a 38,000 sq. ft. retail property located at 1440 North Scottsdale Road in Tempe, Arizona. The loan was structured with a 7-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a national bank.
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