NorthMarq’s Denver CRE team finalizes $6.59 million refinancing for Dunes Retail Center in La Quinta, California
Dunes Retail Center
DENVER, COLORADO (January 15, 2018) – NorthMarq’s Denver office arranged a refinancing of $6,590,000 for Dunes Retail Center located at 79640 Highway 111 in La Quinta, California. The center, built in 2006, totals 36,001 sq. ft. and is anchored by Goodwill and Dollar Tree in addition to several smaller retail tenants.
Paul Bruder, senior vice president, arranged the non-recourse financing for the borrower on a 10-year term and 68 percent LTV through a national bank.
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.
