NorthMarq Capital’s San Diego office secures $12 million in acquisition financing for Bonita Point Plaza

Bonita Point Plaza
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SAN DIEGO – (November 3, 2014) Michael Dobbins, senior vice president of NorthMarq Capital’s San Diego based regional office arranged acquisition financing of $12 million for Bonita Point Plaza, a 58,761 sq.ft. retail property located in Chula Vista, California. The transaction was structured with a fully amortizing 20-year loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Ralph’s and Rite Aid represent the property’s major tenants. “The lender won the business by offering a competitive rate on a fully amortizing 20-year loan and by providing the borrower with maximum prepayment flexibility,” said Dobbins.

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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