NorthMarq's Los Angeles office finalizes $5.05 million refinance of office property in Tustin, California
15991 Redhill Avenue
LOS ANGELES (March 7, 2017) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, secured the $5.05 million refinance of a 44,312 sq. ft. office property located at 15991 Redhill Avenue in Tustin, California. The transaction was structured with a 15-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This loan replaced a bridge loan that NorthMarq Capital had arranged with a debt fund only one year ago,” noted Schwartz.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
