LOS ANGELES (December 20, 2017) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $17.2 million refinance of a 117,914 sq. ft. retail plaza located on Horizon Ridge in Henderson, Nevada. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.
“This was a challenging retail refinance in the greater Las Vegas market with an anchor still under construction,” noted Blum.