NorthMarq Capital's Los Angeles office arranges $8.925 million acquisition loan for Victor's Square in Los Angeles, California

Victor's Square

Debt & Equity

Multi-Tenant

LOS ANGELES (July 21, 2016) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, arranged a purchase money loan of $8,925,000 for Victor’s Square, a 15,400 sq. ft. retail property located at 1915 & 1921 North Bronson Avenue in Los Angeles, California. The transaction was structured with a 5-year term and 25-year amortization schedule. The lender provided the highest leverage non-recourse quote with a flexible prepayment structure. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “Aetna was able to make a high loan per square foot deal on this unanchored strip center in Hollywood and close the loan on terms required by both the buyer and seller.” said Elmore. “This fixed rate five year deal is open at par during the last three loan years to coincide with the buyer’s value-add strategy.”

View Available Shopping Center Listings

About Northmarq

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.