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.
