NE WPORT BEACH (January 6, 2015) – David R. Blum, senior vice president/senior director and Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles office arranged the $38.2 million refinance of Lakewood marketplace, a 215,574 sq.ft. retail property located on Woodruff Avenue and South Street in Lakewood, California. The exposed location covers four corners of a major intersection in the city. The transaction was structured with a 10-year interest-only term with cash-out to the borrower. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Fresh & Easy, Vons/Pavilions and Sears represent the property’s major tenants.
Retail -
Debt
