Industrial
Debt & Equity

NorthMarq Capital arranged $3.5 million mortgage for Sports Gallery Commercenter in Anaheim, California

LOS ANGELES (January 28, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged acquisition financing of $3.5 million for Sports Gallery Commercenter, a 47,197 sq. ft. industrial property located at 1726-1751 S. Douglass Road in Anaheim, California. Financing was based on a 4.0% fixed-rate 10-year term with a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local credit union. “This was a value-add transaction with the property being 20% vacant at closing,” said Blum.

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.

14c7ae09-9912-4881-b0d9-05cac833da8e
Sports Gallery Commercenter
Debt
$3,500,000