{"id":1004124418,"date":"2015-07-31T07:20:42","date_gmt":"2015-07-31T15:20:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356631"},"modified":"2022-12-09T02:45:53","modified_gmt":"2022-12-09T10:45:53","slug":"thrivent-lends-a-helping-hand-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thrivent-lends-a-helping-hand-in-phoenix\/","title":{"rendered":"Thrivent Lends a Helping Hand in Phoenix"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.northmarq.com\/\"><strong>NorthMarq Capital<\/strong><\/a>\u2019s regional offices of Phoenix and Los Angeles have recently arranged a $10.4 million refinancing for Building II and III of the Weststate Arizona Commerce Center in Phoenix, Ariz.<\/p>\n<div id=\"attachment_356632\" class=\"wp-caption alignright\" style=\"width: 257px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Weststate-Arizona-Commerce-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-356632\" title=\"Weststate Arizona Commerce Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Weststate-Arizona-Commerce-Center.jpg\" alt=\"Weststate Arizona Commerce Center\" width=\"247\" height=\"183\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Weststate Arizona Commerce Center<\/p>\n<\/div>\n<p style=\"text-align: justify\">NorthMarq Capital\u2019s James DuMars and Michael Elmore secured the refinancing on behalf of the borrower, <strong><a href=\"https:\/\/www.ejmdevelopment.com\/\">EJM Development Co<\/a><\/strong>. The loan was obtained through <strong><a href=\"https:\/\/www.thrivent.com\/\">Thrivent Financial<\/a> <\/strong>and structured with a 10-year term and a 30-year amortization schedule. The loan has an interest rate below 4 percent and a 70 percent loan-to-value ratio.<\/p>\n<p style=\"text-align: justify\">Located at \u00a0825 North 73<span style=\"font-size: 10.8333330154419px\">rd\u00a0<\/span>\u00a0Ave. and 7225 W. Roosevelt St., the\u00a0center consists of three buildings totaling more than 380,000 square feet of industrial space.<\/p>\n<p style=\"text-align: justify\">EJM Development and Thrivent have had a long-standing work relationship, according to James DuMars, senior vice president &amp; senior director of NorthMarq Capital\u2019s Phoenix office. \u201cWe introduced these parties nearly 20-years ago and have arranged nearly 20 transactions between them during that period. Some of these transactions were during the height of the financial crisis as Thrivent never left the market.\u201d<\/p>\n<p style=\"text-align: justify\"><em>Image courtesy of EJM Development\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NorthMarq Capital&rsquo;s regional offices of Phoenix and Los Angeles have recently arranged a $10.4 million refinancing for Building II and III of the Weststate Arizona Commerce Center in Phoenix, Ariz.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004124418","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Thrivent Lends a Helping Hand in Phoenix - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/thrivent-lends-a-helping-hand-in-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thrivent Lends a Helping Hand in Phoenix\" \/>\n<meta property=\"og:description\" content=\"NorthMarq Capital&rsquo;s regional offices of Phoenix and Los Angeles have recently arranged a $10.4 million refinancing for Building II and III of the Weststate Arizona Commerce Center in Phoenix, Ariz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/thrivent-lends-a-helping-hand-in-phoenix\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-31T15:20:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:45:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Weststate-Arizona-Commerce-Center.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Thrivent Lends a Helping Hand in Phoenix\",\"datePublished\":\"2015-07-31T15:20:42+00:00\",\"dateModified\":\"2022-12-09T10:45:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/\"},\"wordCount\":185,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Weststate-Arizona-Commerce-Center.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/thrivent-lends-a-helping-hand-in-phoenix\\\/\",\"name\":\"Thrivent Lends a Helping Hand in Phoenix - 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