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.
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