NorthMarq Capital secures $4.4 million refinance of Atlanthub in Los Angeles, California
LOS ANGELES (August 25, 2016) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office arranged the $4.4 million refinance of Atlanthub, a 32,768 sq. ft. retail property that is anchored by a charter school located at 688 South Atlantic Boulevard in Los Angeles, California. The transaction was structured with a 20-year term and 30-year amortization schedule. Kipp LA Schools represents the property’s major tenant. “The transaction featured a significant cash-out at approximately four percent,” said Blum.
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