NorthMarq's San Diego office arranges $7.3 million take-out financing for a mixed-use asset in Los Angeles, California
Mixed-Use Asset
SAN DIEGO (January 10, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego-based regional office, secured the $7.3 million refinancing to take out a construction loan on a 71,815 sq. ft. mixed-use asset located on De Soto Avenue and Nordhoff Street in Los Angeles, California. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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