NorthMarq Capital’s Los Angeles based office completes acquisition financing of $11.75 million for Red Hill Technology Center

LOS ANGELES (February 3, 2015) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq Capital’s Los Angeles based regional office secured acquisition financing of $11.75 million for Red Hill Technology Center, a 94,557 sq.ft. office property located at 2850 South Red Hill Avenue in Santa Ana, California. The transaction was structured with a 10-year term and 30-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with Jackson National Life Insurance Company. Major tenants on the property include: Pacific Union Financial, LLC, William Hezmalhalch Architects, Inc. and Western Growers Association. “A very strong and experienced borrower acquired this outstanding quality building, which was crucial to bringing in this great life insurance company,” said Hervey. “Both the lender and the borrower moved quickly to close the loan and acquisition on time, which was not easy considering this was done during the Christmas/New Year holidays.”