NorthMarq Capital’s Los Angeles office arranges $4.5 million refinance of Federal Way Buildings
LOS ANGELES (May 9, 2018) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $4.5 million refinance of Federal Way Buildings, 11,710 sq. ft. of office properties located at 2216 and 2223 Federal Avenue in Los Angeles, California. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “NorthMarq was able to get our correspondent life company comfortable enough to offer a long-term fixed rate loan for two currently vacant buildings, partially pre-leased and currently being fully renovated for creative office space,” explained Blum.
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