NorthMarq Capital’s San Diego office arranges $12.35 million refinance for Interstate Business Center in Wildomar, California
SAN DIEGO (May 30, 2017) Steve Hollister, senior vice president of NorthMarq Capital’s San Diego regional office, negotiated refinancing of $12,350,000 for Interstate Business Center, a 229,410 sq. ft. industrial property located in Wildomar, California. The transaction was structured with a 10-year loan term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
“A top correspondent life insurance company represented by NorthMarq Capital provided a nine month forward commitment to refinance this loan for a long-standing borrower,” said Hollister.
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