Retail - Debt

NorthMarq Capital arranged $5 million mortgage for Landmark Plaza in Huntington Beach, California

LOS ANGELES (August 28, 2013) – Michael Elmore and Ory Schwartz of NorthMarq’s Los Angeles regional office arranged first mortgage refinancing of $5 million for Landmark Plaza, a 27,563 sq. ft. shadow anchored retail center located in Huntington Beach, California. Von’s is the shadow anchor at the site. Financing was based on a 20-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.