NorthMarq’s Newport Beach office arranges $11.25 million refinance of Cinderella Business Park in Auburn, Washington
Cinderella Business Park
NEWPORT BEACH (May 17, 2021) – Scott Botsford, vice president of NorthMarq’s Newport Beach office, secured the $11.25 million refinance of Cinderella Business Park. The 143,420 sq. ft. industrial property is located in Auburn, Washington. The transaction was structured with a 5-year term with 2-years of interest only followed by a 30-year amortization schedule. NrothMarq arranged the permanent-fixed loan for the borrower, through its correspondent relationship with RGA, a life company lender.
Please contact Scott Botsford, Vice President for more details.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
