Northmarq's San Diego office arranges $4.65M refinance for multi-tenant retail property
Corona Retail
Debt & Equity
Multi-Tenant
Eric Flyckt, managing director of Northmarq’s San Diego office, secured a $4.65 million refinance for a three-tenant retail property in Corona, California. The tenants, each of whom occupies their own building, comprise LA Fitness, a credit union and a restaurant. The 10-year, fixed-rate, non-recourse loan was structured with a 30-year amortization and provides a 10-year extension option. Northmarq arranged the financing from an insurance company for whom Northmarq is a correspondent and servicer.
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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.
