Retail - Debt

NorthMarq Capital’s Los Angeles office arranges $8.6 million refinance for Warm Springs Plaza in Las Vegas, Nevada

LOS ANGELES (May 14, 2015) – David Blum, senior vice president/senior director and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office arranged the $8.6 million refinance of Warm Springs Plaza, a 76,200 sq.ft. retail property located at 7380 S. Eastern Avenue in Las Vegas, Nevada. The transaction was structured with a 2-year interest only term.

“The loan provided the borrower with funds to complete the lease up of the property and paid off an existing loan maturity in a short time frame,” said Blum.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.