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.