Northmarq’s Phoenix office negotiates $2.5 million refinance of warehouse property in San Jose, California

Warehouse Property
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PHOENIX, ARIZONA (May 22, 2021) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $2,500,000 refinance of a warehouse property. The 191,370 square foot industrial warehouse is located at 1001-1065 South 5th Street in San Jose, California. The transaction was structured with a 10-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its relationship with a correspondent life insurance company.

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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