Retail

NorthMarq Capital’s Washington, DC office arranges permanent financing of $12,275,000 for retail property in La Verne, California

WASHINGTON, D.C. (November 15, 2017) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $12,275,000 for a 64,522 sq. ft. grocery-anchored shopping center. The property is proximate to the highly trafficked Foothill Freeway and is located along the Foothill Boulevard corridor, part of historic Route 66 in the community of La Verne in Los Angeles County, California.

The property’s major tenants include Sprouts Famers Market (30,046 sq. ft.) and Bank of America (9,520 sq. ft.).

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.