POINT DUME SHOPPING CENTER, 301 OCEAN IN LA RECEIVE $42M BRIDGE LOAN

LOS ANGELES – NorthMarq Capital has arranged a $42.1-million bridge loan for Point Dume Shopping Center, a 55,863-square-foot center in Malibu, and 301 Ocean, a proposed high-end condominium development in Santa Monica. Financing was based on a three-year, interest-only term. It was arranged for Marquis Property Company, Ltd. by Robert Hervey of NorthMarq’s Los Angeles regional office through the company’s relationship with a bridge lender.