NorthMarq Capital’s Phoenix and Los Angeles offices arrange $52.7M in loans for a 6-property industrial warehouse portfolio

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office, and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, arranged $52.7 million (the aggregate of all individual loans) on the refinance of 6 industrial warehouse properties, totaling almost 1.2MM square feet, located in Phoenix and Tolleson, Ariz.

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The financing of the portfolio was through its correspondent relationship with a life insurance company.

 

“These are competitively positioned, brochure quality institutional assets which are highly sought after by the life companies” states DuMars.

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