NorthMarq Capital arranges $7.15 million acquisition for Knollwood Plaza in Granada Hills, California

Knollwood Plaza

LOS ANGELES (December 19, 2013) – David R. Blum, senior vice president/senior director and Ory Schwartz, senior vice president/managing director of NorthMarq’s Los Angeles arranged acquisition financing of $7.15 million for Knollwood Plaza, a 23,922 sq.ft. retail center located at 11846-11862 Balboa Boulevard, Granada Hills, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Unique aspects of the transaction include: Fresh & Easy shadow anchor, an 8.0% debt yield and a high loan per square foot. Major tenants of the retail center are Starbucks, Curves and State Farm Insurance.

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:

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