Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, secured the $5.6 million refinance of a 140,777 sq. ft. industrial property located at 4524 North 44th Avenue in Phoenix, Arizona. The transaction was structured with an interest only loan that provides good news funds for the transitional asset. NorthMarq arranged financing for the borrower through a longstanding private capital relationship.
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices nationwide. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, and has maintained a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion.