NorthMarq Capital arranged $1.785 million mortgage for Columbus Street Apartments in Bakersfield, California

Columbus Street Apts
LOS ANGELES (January 28, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged acquisition financing of $1.785 million for Columbus Street Apartments, a 40-unit market-rate multifamily property located in Bakersfield, California. Financing was based on a 5-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local credit union. “This transaction closed with a 70% loan to value and a 4.0% interest rate,” said Blum.

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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