NorthMarq arranges financing for Seville Professional Center in Scottsdale

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 regional office arranged a $14.8 million loan on the refinance of Seville Professional Center, an approximate 92,000 square foot multi-tenant office building in Scottsdale, Ariz.

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The transaction was structured with a 12-month term, interest-only, and 2, 12-month extension options.  The financing was 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” states DuMars.

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