140
CHULA VISTA, CALIF. – NorthMarq Capital has arranged $53.3 million in combined debt and mezzanine financing for the 156,291-square-foot Village Walk Shopping Center in Chula Vista. The firm arranged $46.3 million in debt financing through a CMBS lender. It boasts a five-year term and a 30-year amortization schedule. An additional $7 million in mezzanine financing was arranged under a five-year term with a balloon payment due at maturity. These funds provide an 80 percent loan-to-value. NorthMarq's team was led by vice president Mike Dobbins, who is out of the firm's San Diego regional office.