NorthMarq’s Newport Beach office arranges $3,850,000 bridge loan for AMPAC Business Park in Henderson, Nevada
NEWPORT BEACH, CALIFORNIA (June 10, 2021) – Scott Botsford, vice president of NorthMarq’s Newport Beach office, secured a $3.85 million bridge loan for AMPAC Business Park. The 40,000 sq. ft. industrial-flex property is located in Henderson, Nevada. The transaction was structured to include acquisition proceeds and construction dollars to facilitate a property expansion. Therefore, the loan was structured with a 5-year term, 3-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a commercial bank.
Please contact Scott Botsford, Vice President for more details.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.