NorthMarq Arranges $4.4 Million Refinance for California Shopping Center

by Katie Sloan

La Verne, Calif. — NorthMarq Capital has arranged the $4.4 million refinance of a shopping center located at 1400, 1410 and 1480 Foothill Blvd. in La Verne.

Michael Elmore and Ory Schwartz of NorthMarq secured financing through a national bank.  The loan is structured with a 13-year term and 30-year amortization schedule and features a 4.46 percent fixed rate for 10-years with a floating tail. Tenants at the center include RiteAid, Auto Zone and Carl’s Jr. 

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