NorthMarq Arranges Refinancing for Two Retail Properties in Los Angeles

by Katie Sloan

Los Angeles — NorthMarq Capital has arranged the refinancing of two retail properties in Los Angeles.

David Blum of NorthMarq arranged a $4.4 million refinance for Atlanthub, a 32,768-square-foot retail property anchored by Kipp LA Schools; and a $2.5 million refinance for Broadmark, a 14,331-square-foot retail property anchored by AutoZone. Both transactions were structured with a 20-year term and a 30-year amortization schedule. A life insurance company provided the refinancing for Broadmark. 

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