NorthMarq Capital arranges $4 million loan for a 17,283 sq.ft. retail center in the city of Orange, California
El Paseo Plaza
LOS ANGELES (October 29, 2015) – Michael T. Elmore, executive vice president/managing director and David Blum, senior director of NorthMarq Capital’s Los Angeles office arranged the $4 million refinance of El Paseo Plaza, a 17,283 sq.ft. retail property located at 3544-3630 Chapman Avenue in Orange, California. The transaction, which featured a significant cash-out, was structured with a 10-year term with 2-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. This property was the first drive-through Starbucks in Orange County.
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.
