NorthMarq Capital’s Los Angeles office secures $5 million refinance of Euclid Medical in Fountain Valley, California
LOS ANGELES (November 28, 2016) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office arranged the $5 million refinance of Euclid Medical, a 31,515 sq. ft. medical office property located in Fountain Valley, California. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This property is a unique medical office building that includes several condo units and is located on a hospital campus,” said Blum.
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