Industrial

NorthMarq Capital’s Los Angeles office secures $8 million refinance of industrial property located in Woodland, California

LOS ANGELES (November 3, 2017) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, negotiated the $8 million refinance of Woodland Industrial, a 280,000 sq. ft. industrial property located at 220, 340, 350 and 360 Hanson Way in Woodland, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“NorthMarq arranged the loan on behalf of a Los Angeles-based private investor,” noted 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.