Retail

NorthMarq Capital’s Los Angeles office secures $17.2 million refinance of retail plaza in Henderson, Nevada

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.

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 across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with 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. For more information please visit www.northmarq.com.