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
Meet our team
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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
