Industrial
Debt & Equity

NorthMarq Capital’s San Diego office arranges $8.85 million loan for the refinance of an industrial complex in San Diego’s East County

SAN DIEGO (January 11, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego-based regional office, arranged the $8.85 million refinance of a 154,037 sq. ft. industrial property located at 11639-11661 Riverside Drive in Lakeside, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. “The lender provided a very competitive rate for an 11-month forward commitment with a rate lock at loan application to refinance their existing debt on this top-quality asset,” said Hollister.

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.

0c1b0c06-f967-4b81-937a-28fdda1c2ae1
Industrial Complex
Debt
$8,850,000