NorthMarq Capital arranges $18 million refinancing for the Wilshire Robertson Plaza in Beverly Hills, California

Wilshire Robertson Plaza
1cf51282-761d-4fab-8ae5-1e193c11ef60
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.”

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.

Image
NM Web Icon News Black

Stay on top of industry research