Retail (MT)
Debt & Equity

NorthMarq Capital’s Los Angeles office finalizes $4.3 million refinance of Whitwest Plaza in Los Angeles, California

LOS ANGELES (April 29, 2016) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office arranged the $4.3 million refinance of Whitwest Plaza, a 13,130 sq. ft. retail property anchored by a 30,125 sq. ft. charter school with a ground lease. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Warehouse Shoe Sale represents the property’s major tenant.

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

0000000000000000000000000733785
Whitwest Plaza
Debt
$4,300,000