NorthMarq Capital arranges $4 million loan for a 17,283 sq.ft. retail center in the city of Orange, California

El Paseo Plaza
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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.

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.

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