Northmarq’s Los Angeles office arranges $6.9 million acquisition loan for grocery-anchored shopping center

Knollwood Plaza
grocery-anchored shopping center in Granada Hills, CA

LOS ANGELES (Dec. 11, 2023) — Ory Schwartz, senior vice president and managing director of Northmarq’s Los Angeles Debt + Equity team, has secured a $6.9 million acquisition loan for a 23,922-sq.-ft. multi-tenant retail property in Granada Hills, California. The grocery-anchored shopping center, Knollwood Plaza, was built in 1974 and features an array of tenants with triple net leases including Starbucks, The UPS Store and Massage Envy. Northmarq arranged financing on behalf of the borrower through a relationship with a credit union with maximum prepayment flexibility. The transaction was structured on a 10-year term with a 30-year amortization schedule. 

Learn more about Northmarq’s financing services here.

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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