NorthMarq Capital’s Los Angeles office arranges $8.6 million refinance for Warm Springs Plaza in Las Vegas, Nevada
Warm Springs Plaza
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
