NorthMarq Capital arranged $3.29 million mortgage for Aspen Hancock Industrial Building in Anaheim, California

Aspen Hancock Ind. Bldg
edd7fdc3-e6f6-49fe-9dd2-04a7ceffdcaf
LOS ANGELES (May 20, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $3.29 million for Aspen Hancock Industrial Building located at 1270 North Hancock Street in Anaheim, California. The single-tenant property consists of 49,200 sq. ft. of industrial space. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local credit union. “This was challenging due to less than two years remaining on lease term for a single tenant asset,” Blum said.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research