NorthMarq Capital’s San Diego office arranges $23.4 Million refinance of Crossroads Corporate Center in Murrieta, California
SAN DIEGO (June 6, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego regional office, negotiated the $23,400,000 refinance of Crossroads Corporate Center, a 152,751 sq. ft. office property located in Murrieta, California. The transaction was structured with a 10-year loan term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The lender provided a solid execution without hiccup, delay or changes,” said Hollister. “They understood the quality of the real estate and sponsor and were comfortable at a slightly higher LTV than most other life companies.”
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