Industrial

NorthMarq Capital’s Los Angeles office closes $5 million refinance for industrial building in Rancho Dominguez, California

LOS ANGELES (July 26, 2017) Ory Schwartz, managing director of NorthMarq Capital’s Los Angeles regional office, arranged refinancing of $5,000,000 for an 87,536 sq. ft. industrial property located in Rancho Dominguez, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

“NorthMarq arranged the loan on behalf of a Los Angeles-based private investor,” said Schwartz.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.