NorthMarq Capital arranged $4.29 million mortgage for Arena Plaza in Anaheim, California
Arena Plaza
LOS ANGELES (January 28, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $4.29 million for Arena Plaza, a 18,149 sq. ft. retail property located at 2610-2620 Katella Avenue in Anaheim, California. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local credit union. “This transaction was a challenging deal to navigate in conjunction with a partial acquisition by eminent domain,” said Blum.
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