Retail (MT)
Debt & Equity

NorthMarq Capital’s Los Angeles office finalizes $8 million refinance for Sunnyslope Shopping Center in Salem, Oregon

LOS ANGELES (November 16, 2015) – Michael T. Elmore, executive vice president/managing director and Mark Dodson, vice president of NorthMarq Capital’s Los Angeles office negotiated the $8 million refinance for Sunnyslope Shopping Center, a 93,861 sq.ft. retail property located at 4405-4555 Liberty Road South in Salem, Oregon. The transaction was structured with a 10-year term with a five-year interest only period followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Roth’s Fresh Markets represents the property’s major tenant. “NorthMarq’s Los Angeles office has a long-standing relationship with the borrower and has arranged financing on this property for the third time. On this occasion, we were able to meet the client's goals to refinance with five years interest-only, with substantial cash-out proceeds and a large-funded escrow for a short-term major tenant,” said Elmore.

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.

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Sunnyslope Shopping Center
Debt
$8,000,000