NorthMarq Capital’s Los Angeles office arranges $18.75 million refinance of Commercenter in Aurora, Colorado
LOS ANGELES (August 23, 2016) – Rob Hervey, senior managing director and Joe Giordani, vice president of NorthMarq Capital’s Los Angeles-based regional office arranged the $18.75 million refinance of Commercenter, a 415,000 sq. ft. industrial property located in Aurora, Colorado. The loan was structured with a 10-year term and 25-year amortization. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This transaction involved a very strong, national industrial developer who has an existing relationship with the life insurance company lender. The quality of the collateral is excellent and it has performed well. The excellent terms reflected all of these great attributes,” said Giordani.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
