NorthMarq Capital’s Los Angeles office arranges $18.75 million refinance of Commercenter in Aurora, Colorado

Commercenter

Debt & Equity

Multi-Tenant

LOS ANGELES (August 23, 2016) – Rob Hervey, senior managing director and Joe Giordani, vice president of NorthMarq Capital’s Los Angeles-based regional office arranged the $18.75 million refinance of Commercenter, a 415,000 sq. ft. industrial property located in Aurora, Colorado. The loan was structured with a 10-year term and 25-year amortization. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This transaction involved a very strong, national industrial developer who has an existing relationship with the life insurance company lender. The quality of the collateral is excellent and it has performed well. The excellent terms reflected all of these great attributes,” said Giordani.

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About Northmarq

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.