June 1, 2017

NorthMarq Capital arranges $20 million refinance for industrial portfolio in Las Vegas, Nevada

Industrial Portfolio

Debt & Equity

Multi-Tenant

LOS ANGELES (August 9, 2017) David Blum, senior director of NorthMarq Capital’s Los Angeles office and Scott Monroe, managing director of NorthMarq Capital’s Las Vegas office, collaborated to negotiate refinancing of $20,000,000 for 399,400 sq. ft. of six industrial properties located throughout Las Vegas, Nevada. The loan term was structured for 10 years with a sub-four percent rate. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “This was a six-month forward rate lock for a high quality 100 percent leased industrial portfolio. We were able to utilize NorthMarq’s team platform in order to ensure a smooth process and provide the best service to the client,” said Blum.

Available Industrial properties

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.