NorthMarq Capital’s Los Angeles office arranges $6 million refinance of single-tenant Alamo in Newport Beach, California
Alamo
LOS ANGELES (November 23, 2016) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office arranged the $6 million refinance of Alamo, a 116,000 sq. ft. car rental location advantageously located adjacent to the Orange County Airport. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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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.
