June 22, 2017

NorthMarq Capital’s Los Angeles office arranges $4,387,000 refinance for retail property in Pasadena, California

Retail Property

Debt & Equity

Multi-Tenant

LOS ANGELES (June 22, 2017) David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged refinancing of $4,387,000 for a 11,664 sq. ft. retail property located in Pasadena, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a CMBS lender. “We were able to close the loan with 25 percent of the tenants still not open for business yet,” said Blum.

Available Retail (MT) properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.