NorthMarq Capital completes $13.6 million refinance of Marshalls Plaza in Los Angeles, California
LOS ANGELES (April 15, 2016) – Ory Schwartz, managing director of NorthMarq Capital’s Los Angeles regional office arranged the $13.6 million refinance of Marshalls Plaza, a 151,286 sq. ft. retail property located at 707-815 West 2nd Street. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Marshalls, DD’s Discounts and Dollar Tree represent the property’s major tenants.
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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.
