Office - Debt

NorthMarq Capital

NorthMarq Capital’s Los Angeles office arranges $4.5 million refinance of Federal Way Buildings

LOS ANGELES (May 9, 2018) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $4.5 million refinance of Federal Way Buildings, 11,710 sq. ft. of office properties located at 2216 and 2223 Federal Avenue in Los Angeles, California. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “NorthMarq was able to get our correspondent life company comfortable enough to offer a long-term fixed rate loan for two currently vacant buildings, partially pre-leased and currently being fully renovated for creative office space,” explained Blum.

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.