May 14, 2015

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

Warm Springs Plaza

Debt & Equity

Multi-Tenant

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.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions