NorthMarq Capital’s Los Angeles office completes $7.8 million refinance of medical office building in Anaheim, California
LOS ANGELES (November 3, 2017) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, arranged the $7.8 million refinance of Walnut Grove Medical Building, a 40,597 sq. ft. medical office building located at 947 South Anaheim Boulevard in Anaheim, California. The transaction was structured with a 10-year interest-only term. The asset is positioned on an existing hospital campus and subject to a ground lease.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.