NorthMarq Capital arranged $1.41 million mortgage for office/industrial building in Modesto, California
4701 Enterprise
SAN FRANCISCO (May 15, 2013) – John Kerslake, svp/senior director of NorthMarq’s San Francisco-based regional office, arranged acquisition financing of $1.41 million for 4701 Enterprise Way in Modesto, California. This owner-user property contains 24,047 sq. ft. of office and industrial space. Financing was based on a 15-year term and a 25-year amortization schedule. This loan includes a 10-year fixed-rate followed by a floating rate for the last five years. NorthMarq arranged this financing for the borrower through its relationship with a regional bank.
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.
