NorthMarq Capital secures $9.6 million refinance of Lakeview Terrace Center in Lakeview Terrace, California

Lakeview Terrace Center
Debt & Equity
Shopping Center
Multi-Tenant
Debt
Bank
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LOS ANGELES (August 3, 2015) – David R. Blum, senior vice president/senior director and Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles based regional office arranged the $9.6 million refinance of Lakeview Terrace Center, a 78,634 sq.ft. retail property located at 11912-11998 Foothill Boulevard, in Lakeview Terrace, California. NorthMarq arranged the cash-out loan for this non-stabilized, unanchored, secondary market property through its relationship with a CMBS lender. The transaction was structured with 10-year term with 1.5 years interest only followed by a 30-year amortization schedule. The largest tenant is a local grocer called Lakeview Farmers Market that has a short term remaining on its lease.

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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.
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