Office
Debt & Equity

NorthMarq's Los Angeles office finalizes $5.05 million refinance of office property in Tustin, California

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.

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.

4db03d69-5acf-45bd-8b53-4bfb5af3f4b7.jpg
15991 Redhill Avenue
Permanent Loan - Fixed
$5,050,000