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Woodland Hills, Calif. — Newmark Realty Capital Inc. has arranged $43.5 million in permanent financing for a 122,523-square-foot grocery-anchored shopping center located in Woodland Hills.
The center is anchored by Ralphs and located adjacent to Warner Center. George Mitsanas and Doug Tisdale of Newmark’s Los Angeles office arranged the fixed-rate, non-recourse financing on behalf of the borrower.
The 10-year loan was placed with a life insurance company and provides interest-only during the first five years, followed by a 30-year amortization.