SAN DIEGO (February 23, 2017) – Mike Dobbins, senior vice president of NorthMarq Capital’s San Diego-based regional office, arranged the $38 million refinance of a 374,645 sq. ft. retail property located in Chula Vista, California. The transaction was structured with a 15-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The non-recourse loan included a future funding provision and also provided equity back to the borrower for future acquisitions,” said Dobbins.