David Blum of NorthMarq’s Los Angeles office arranges acquisition financing of $2,981,500 for Spencer Crossing in Henderson, Nevada
LOS ANGELES (March 7, 2018) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged acquisition financing of $2,981,500 for Spencer Crossing, a 10,800 sq. ft. retail property located at 10445-10455 Spencer Street in Henderson, Nevada. The transaction was structured with a 10-year term on a 30-year amortization schedule with no pre-payment penalty. NorthMarq arranged financing for the borrower through its relationship with a credit union.
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