NorthMarq Capital’s Los Angeles places $19,289,000 million in joint-venture equity and bank financing on retail property

24 Hour Fitness

Debt & Equity

Multi-Tenant

NEWPORT BEACH (October 8, 2018) -- John Marshall, vice president in NorthMarq Capital’s Los Angeles regional office, arranged $19,600,000 in joint-venture equity and bank financing that provided his client with 97 percent of the capital required to execute their business plan. The property is a single-tenant 24 Hour Fitness in Highlands Ranch, Colorado.

Marshall raised $5,500,000 in joint-venture equity in addition to $13,789,000 in bank financing. The joint-venture partner provided 90% of the project equity and attractive acquisition, leasing, and asset management fees.

“My client has a track record of significant value creation in the single- and multi-tenant retail space. I appreciated the opportunity to serve as their advisor to raise equity that scales their asset management platform and diversifies their investment partners with institutional capital. There is plenty of capital chasing contrarian bets in the retail space for best-in-class operators,” said Marshall.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.