Office
Debt & Equity

NorthMarq’s Joe Giordani arranges acquisition financing of $10.5 million for 2888 Loker Avenue in Carlsbad, California

LOS ANGELES, CALIFORNIA (May 8, 2019) – Joe Giordani, senior vice president/senior director of NorthMarq’s Los Angeles-based regional office arranged acquisition financing of $10.5 million for 2888 Loker Avenue, an 80,659 sq. ft. office property located at 2888 Loker Avenue East in Carlsbad, California. The transaction was structured with a 25-year fully amortizing loan. NorthMarq arranged financing for the borrower, Carlsbad Office Tech Center, LLC through its correspondent relationship with a life insurance company. Built in 2007, the property features modern architectural finishes and efficient design. The 99 existing suites surround a lush tropical outdoor atrium with outdoor covered walkways and exterior suite entrances. 

“This office property was a perfect addition to the sponsor’s portfolio and the attractive interest rate we were able to achieve made the investment all that more attractive,” said Giordani. 

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.

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2888 Loker Avenue
Permanent Loan - Fixed
$10,500,000