NorthMarq Capital arranged $4.725 million mortgage for Bukewihge Compton Industrial Park in Compton, California

Bukewihge Compton Industrial Park
LOS ANGELES (August 14, 2013) – Michael Elmore, executive vice president and managing director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $4.725 million for the 85,546 sq. ft. Bukewihge Compton Industrial Building located at 2988 E. Ana Street in Compton, CA. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. “This transaction provided 100% cash-out non-recourse financing on a single tenant industrial building,” Elmore said. “The lender was aggressive in increasing the loan by nearly 10% after rate lock based on a favorable appraisal. The loan provided liquidity for future acquisition on strong economic terms.”

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:

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