LOS ANGELES—Lakewood Marketplace has secured $38 million to refinance the property. The property, which is anchored by a Fresh & Easy grocery store, Vons/Pavilions and Sears, secured a 10-year, interest only, cash-out loan through NorthMarq Capital.

“This was the third time we financed this asset for the borrower; we represent them exclusively on all of their assets,” Michael T. Elmore, EVP and managing director for NorthMarq Capital, tells GlobeSt.com. Elmore secured the funds on behalf of the borrower with his NorthMarq Capital colleague David R. Blum, SVP and senior director.

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