April 17, 2015

NorthMarq Capital’s Los Angeles office arranges $7.3 million refinance of Centennial Court Shopping Center in Las Vegas, Nevada

Centennial Court Shopping Center

Debt & Equity

Multi-Tenant

LOS ANGELES (April 17, 2015) – Mark Dodson, vice president of NorthMarq Capital’s Los Angeles based regional office arranged the $7.3 million refinance of Centennial Court Shopping Center, a 36,740 sq.ft. unanchored shopping center located on North Buffalo Drive in Las Vegas, Nevada. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, PHD Properties, through its conduit relationship with a CMBS lender. Major tenants include Taco Bell and Leslie’s Poolmart. “We had a very tight window for execution owning to a maturing loan,” commented Dodson. “The lender was very comfortable with the real estate and long-term tenant base and all parties were able to work quickly.”

Available Retail (MT) properties

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.