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

24 Hour Fitness

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. 


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:

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