NorthMarq Capital arranges $5 million refinance of Norwalk Plaza in Norwalk, California

Norwalk Plaza
b90ca88f-bc6b-4514-aa86-c9758e21341f.jpg

LOS ANGELES (October 13, 2014) – Michael T. Elmore, executive vice president/managing director and Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles based regional office secured a $5 million mortgage for Norwalk Plaza, a 59,736 sq.ft. retail property located at 11660-11790 Firestone Boulevard in Norwalk, California. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower; a Los Angeles based private investor, through its correspondent relationship with a life insurance company.

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research