rsz_dobson_plaza

NorthMarq Capital Arranges $4.275M In Combined Mortgages For 2 Chandler Properties

James DuMars, senior vice president and managing director of NorthMarq Capital’s Phoenix Regional office, arranged combined first mortgage refinancing of $4.275M for Paseo Del Oro and Dobson Plaza (above photo) in Chandler.

Combined these two properties contain a total of 123,480 SF of retail space.

Paseo Del Oro was financed at $2.975M and contains 96,892 SF of anchored retail space. The major tenant at the site is LA Fitness (Dark). Dobson Plaza was financed at $1.3M and contains 26,588 SF retail space.

Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its correspondent relationship with a life insurance company lender.

 

POSTED: . TAGS: , ,
AZRE

About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.