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.
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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.
