NorthMarq Capital arranges $14.8 million financing for Seville Professional Center in Scottsdale, Arizona
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office, and Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco-based regional office arranged a $14.8 million loan on the refinance of Seville Professional Center, an approximately 92,000 sq. ft. multi-tenant office building in Scottsdale, Arizona. The transaction was structured with a 12-month term, interest-only, and two, 12-month extension options. NorthMarq arranged financing for the borrower through its relationship with a bridge-lender. "The client needed a bridge solution to accommodate their CMBS loan maturity. We were able to tap our existing lending relationships and close in 10 days," said DuMars.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
