Northmarq arranges $35M bridge loan for Conejo Valley Plaza in Thousand Oaks, California

THOUSAND OAKS, Calif. — Northmarq’s Debt + Equity team, led by Matt Radich (Newport Beach) and Mason Brower (Dallas), arranged $35.661 million in financing for Conejo Valley Plaza, a grocery-anchored retail center located at 1388–1416 North Moorpark Road in Thousand Oaks, California.

Northmarq secured the bridge loan on behalf of Gerrity through its long-standing relationship with New York Life. The transaction was structured on a five-year term with full-term interest-only payments.

“The bridge lending market today is arguably the most liquid it has ever been where execution, flexibility, and relationships separate outcomes,” Radich and Brower said. “Through a competitive process, we delivered the most accretive result for Gerrity, pairing them with New York Life in a first-time relationship that supports their value-add strategy.”

The property spans 128,243 square feet across 12.27 acres and is anchored by a Ralphs grocer along with in-line tenants such as Toppers Pizza, Poke Land and Rise Southern Biscuits.

Built in 1983 and renovated in 2005, Conejo Valley Plaza benefits from strong visibility at the intersection of Janss Road and Moorpark Road, with proximity to major highways (101 and 23) and key community landmarks.