NorthMarq’s Newport Beach office arranges $3,850,000 bridge loan for AMPAC Business Park in Henderson, Nevada
AMPAC Business Park
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.
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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.
