January 7, 2016

NorthMarq Capital’s Los Angeles office finalizes $5.275 million refinance of Emerald Terrace Apartments in Santa Ana, California

Emerald Terrace Apts

Debt & Equity

Multi-Tenant

LOS ANGELES (January 5, 2016) – David Blum, senior director of NorthMarq Capital’s Los Angeles regional office, arranged the $5.275 million refinance of Emerald Terrace Apartments, a 50-unit multifamily property located at 919 and 1001 South Lyon Street in Santa Ana, California. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program. “NorthMarq refinanced this internal Fannie Mae loan with a significantly reduced interest rate, some cash-out and waived the pre-payment penalty,” said Blum.

Available Multifamily properties

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.