October 3, 2017

NorthMarq's San Diego office secures $8.2 million refinance of an industrial property located in Poway, California

Industrial Property

Debt & Equity

Multi-Tenant

SAN DIEGO (September 24, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego regional office, arranged the $8.2 million refinance of an 82,640 sq. ft. industrial property located in Poway, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. General Atomics represents the property’s major tenant. “This deal featured a forward commitment to accommodate the completion of construction and tenant occupancy,” said Hollister. “The rate was locked in January for a funding in August.”

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.