Los Angeles – Two of the properties, Harbor Place and Plaza Alicia, were refinanced with a 10-year term and a 30-year amortization.
The 11,572-square-foot retail property Plaza Alicia, located in Mission Viejo, California, was refinanced at $5.3 million and brokered by NorthMarq Capital. Los Angeles – NorthMarq Capital’s regional office based in Newport Beach, California, has arranged the refinancing of three retail and mixed-use properties to provide combined loans of $27 million. The 7,990-square-foot Harbor Place in Costa Mesa, California, was refinanced at $4.2 million. The transaction was structured with a 10-year term and 30-year amortization schedule. The 51,766-square-foot mixed-use property La Paz Plaza located in Mission Viejo, California, was refinanced at $17.7 million. The 11,572-square-foot retail property Plaza Alicia, located in Mission Viejo, California, was refinanced at $5.3 million. This transaction was also structured with a 10-year term and a 30-year amortization, with terms similar to Harbor Place.
— Scott Reid