Retail - Debt

NorthMarq completes $1.725 million refinance of new retail convenience center in Los Angeles

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. 

Financing Details:
– 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. 

Property Details:
– The property contains 7,145 sq. ft.

Producer Quote:
“The transaction was a 15-year fixed term forward rate-locked at a sub 4.0 percent rate.”

– David Blum 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.