LOS ANGELES, CALIFORNIA (December 5, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office arranged the $1.725 million refinance of a new retail convenience center. The property is located in Los Angeles, California.
– 15-year term
– 30-year amortization schedule
– NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with Symetra, a life insurance company.
– The property contains 7,145 sq. ft.
“The transaction was a 15-year fixed term forward rate-locked at a sub 4.0 percent rate.”
– David Blum