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November 19, 2015

NorthMarq arranges $8M Salem refi

Michael T. Elmore and Mark Dodson of NorthMarq Capital's Los Angeles office secured $8 million in refinancing for a 93,860-square-foot shopping center in Salem, Oregon. Sunnyslope Shopping Center is at 4555 Liberty Rd. S., anchored by Roth's Fresh Markets. The loan comes from a CMBS lender and has a 10-year term, with a five-year interest-only period followed by a 30-year amortization schedule. NorthMarq Capital produces $13 billion in loans annually and has a portfolio of more than $45 billion.




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