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2/11/15
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Newmark Realty Capital Inc recently completed $12.1 mil in refi deals for retail properties totaling 44.3k sf of space in the upscale West LA neighborhoods of Brentwood and Westwood. Both deals were low-levered, non-recourse loans locked at a fixed rate and placed on a 10-year term -- one being interest-only and the other being on a 30-year amortization schedule.
The deals were arranged by George Mitsanas, Principal, and Michelle Hsieh, Associate, out of Newmark’s Los Angeles office.The loans were funded by a life company portfolio lender and will be serviced by Newmark.
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