NorthMarq Capital arranges $42 million loan for a 304,801 sq.ft. power center in San Marcos, California
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.
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