NorthMarq Capital arranges $42 million loan for a 304,801 sq.ft. power center in San Marcos, California
Nordahl Marketplace
LOS ANGELES (October 27, 2015) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office negotiated the $42 million refinance of Nordahl Marketplace, a 304,801 sq.ft. retail property located at 708-775 Center Drive and 729 Nordahl Road in San Marcos, California. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property is home to over 25 retailers, including Walmart, Kohl’s, Guitar Center and Starbucks.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
