NorthMarq Capital’s Los Angeles regional office arranges $4.5 million refinance for Royal Freeport Business Center in Irving, Texas
LOS ANGELES (May 25, 2016) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, finalized the $4.5 million refinance of Royal Freeport Business Center, a 71,723 sq. ft. office property located at 4100 and 4200 West Royal Lane in Irving, Texas. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Fuji Photo Film represents the property’s major tenant.
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