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.