Northmarq Arranges $29.3 Million Refinancing for Chapman Market in Los Angeles’ Koreatown

Northmarq recently facilitated a $29.3 million refinancing loan for Chapman Market, a prominent dining and entertainment center spanning 41,241 square feet in Los Angeles' Koreatown. The loan was secured through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Joe Giordani, Alex Kane, and Karl Weidell of Northmarq were instrumental in arranging this financing.

Originally established in 1928, Chapman Market is a historic property that continues to host a diverse array of tenants. Its current occupants include popular establishments such as Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar, and Uncle Tetsu. This refinancing deal underscores continued investment in established commercial properties within key urban markets, providing financial stability for the ownership of a significant community asset.