NorthMarq Capital’s Phoenix office arranges $1.8 million refinance of Royal Palms Plaza in Tempe, Arizona
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $1.8 million refinance of Royal Palms Plaza, a 72,130 sq. ft. retail property located at 1805, 1825, & 1835 East Elliot 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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