NorthMarq Arranges $25.17M Loan Refinance For Garden Grove Plaza

Garden Grove Plaza, a fully occupied retail center in California, has secured $25.17 million in financing through a five-year fixed-rate loan arranged by NorthMarq. The loan allows the property owner to retire a previous loan and supports the property's steady income growth. Located at 13822 Brookhurst Street in Garden Grove, the retail center spans 134,364 square feet.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $25,170,000
• Address: 13822 Brookhurst Street
• Market: Garden Grove
• Loan Type: Refinance
• Loan Terms: 5-year
• Broker: Karl Weidell - NorthMarq

NorthMarq, represented by Karl Weidell, played a pivotal role in securing the financing for Garden Grove Plaza. With this loan, the property owner can retire an existing debt and capitalize on the center's ongoing income growth. The fully occupied retail center not only offers a prime location on Brookhurst Street in Garden Grove but also provides a solid investment opportunity.