NorthMarq Capital arranges $18 million refinancing for the Wilshire Robertson Plaza in Beverly Hills, California
Wilshire Robertson Plaza
LOS ANGELES (December 19, 2013) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq’s Los Angeles office arranged refinancing of $18 million for the Wilshire Robertson Plaza, a 119,421 sq.ft. office building located at 8750 Wilshire Boulevard, Beverly Hills, California. The transaction was structured with a 9-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. Major tenants at the plaza include: Alloy Digital, Mad Old Nut Productions and Radnet Sub, Inc. “The property is A+ in an A+ location,” said Hervey. “The owner is very strong and the loan amount is very conservative. The competition for the loan was very high providing very good terms for the borrower.”
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.
