Multifamily

NorthMarq Capital’s Los Angeles office arranges $8 million refinance of Treehouse Apartments in San Marcos, California

LOS ANGELES (December 22, 2017) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, secured refinancing of $8,000,000 for Treehouse Apartments in San Marcos, California. The deal was structured by a 5-year loan term on a 25-year amortization schedule, with 3-years interest-only. NorthMarq arranged financing for the borrower through its relationship with a credit union.

“This loan facilitated the refinance of the loan for the student housing project while at the same time provided acquisition dollars to acquire an adjacent retail pad that will be incorporated into the student housing project,” said Schwartz.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.