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