Retail - Debt

NorthMarq Capital

NorthMarq Capital’s David Blum completes $8.44 million refinance of Warm Springs Plaza in Las Vegas, Nevada

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.