Retail - Debt

NorthMarq Capital

NorthMarq Capital negotiates $41 million in acquisition financing for Campus Marketplace in San Marcos, California

PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office secured acquisition financing of $41 million for Campus Marketplace, a 144,287 sq.ft. retail property located at 300-380 S. Twin Oaks Valley Road in San Marcos, California. NorthMarq arranged financing for the borrower through a CMBS lender. Major tenants include Ralph’s and CVS.

“Goldman Sachs offered an exceptional execution. This is yet another successful transaction in the continuation of a long term repeat relationship,” said DuMars. “The transaction went smoothly because the teams (lender and borrower) know each other very well and have completed similar transactions together in the past. Finally, the real estate is of exceptional quality.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.