NorthMarq Capital’s David Blum completes $8.44 million refinance of Warm Springs Plaza in Las Vegas, Nevada
LOS ANGELES (November 7, 2018) – David Blum, senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $8.44 refinance of Warm Springs Plaza, a 74,500 sq. ft. retail property located at 7380 South Eastern Avenue in Las Vegas, Nevada. The bridge loan was structured with a 1-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a debt fund.
“This was a challenging retail deal with moving parts and vacancy. We structured a short term flexible loan for the borrower,” said Blum.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.