January 7, 2015

NorthMarq Capital’s Los Angeles based office secures $38 million refinance of Lakewood Marketplace in Lakewood, California

Lakewood Marketplace

Debt & Equity

Multi-Tenant

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.

Available Retail (MT) properties

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.