David Blum of NorthMarq’s Los Angeles office arranges acquisition financing of $2,981,500 for Spencer Crossing in Henderson, Nevada
Spencer Crossing
LOS ANGELES (March 7, 2018) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged acquisition financing of $2,981,500 for Spencer Crossing, a 10,800 sq. ft. retail property located at 10445-10455 Spencer Street in Henderson, Nevada. The transaction was structured with a 10-year term on a 30-year amortization schedule with no pre-payment penalty. NorthMarq arranged financing for the borrower through its relationship with a credit union.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
