NorthMarq’s Denver CRE team finalizes $6.59 million refinancing for Dunes Retail Center in La Quinta, California
DENVER, COLORADO (January 15, 2018) – NorthMarq’s Denver office arranged a refinancing of $6,590,000 for Dunes Retail Center located at 79640 Highway 111 in La Quinta, California. The center, built in 2006, totals 36,001 sq. ft. and is anchored by Goodwill and Dollar Tree in addition to several smaller retail tenants.
Paul Bruder, senior vice president, arranged the non-recourse financing for the borrower on a 10-year term and 68 percent LTV through a national bank.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
