NorthMarq Capital’s Phoenix office arranges $2.4 million refinance of Marcos De Niza Plaza in Tempe, Arizona
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $2.4 million refinance of Marcos De Niza Plaza, a 66,625 sq. ft. retail property located at 6440-6460 South Rural Road in Tempe, Arizona. The loan was structured with a 10-year term with 7-years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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