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. 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.