LOS ANGELES (November 7, 2018) – David Blum, senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $8.44 refinance of Warm Springs Plaza, a 74,500 sq. ft. retail property located at 7380 South Eastern Avenue in Las Vegas, Nevada. The bridge loan was structured with a 1-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a debt fund.
“This was a challenging retail deal with moving parts and vacancy. We structured a short term flexible loan for the borrower,” said Blum.