January 11, 2017

NorthMarq's San Diego office arranges $7.3 million take-out financing for a mixed-use asset in Los Angeles, California

Mixed-Use Asset

Debt & Equity

Multi-Tenant

SAN DIEGO (January 10, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego-based regional office, secured the $7.3 million refinancing to take out a construction loan on a 71,815 sq. ft. mixed-use asset located on De Soto Avenue and Nordhoff Street in Los Angeles, California. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

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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.

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