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