NorthMarq closes $3.6 million refinance of Ace Hardware location in Woodland, California
LOS ANGELES, CALIFORNIA (December 12, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office arranged the $3.6 million refinance of Ace Hardware. The retail property is located at 1350 East Main Street in Woodland, California.
Financing Details:
- 30-year term
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
Property Details:
- The subject is a 45,740 sq. ft. freestanding general retail building on 4.97 acres.
- This property is situated in a western portion of a Grocery Outlet, Ross Dress for Less, and Tractor Supply-anchored retail center.
- The building was built in 1995 and renovated in 2019.
Meet our team
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.
