Office - Debt

NorthMarq Capital

NorthMarq Capital’s Los Angeles office arranges acquisition financing of $33,998,400 for Corporate Pointe in Irvine, California

LOS ANGELES (June 5, 2018) – Joe Giordani, vice president of NorthMarq Capital’s Los Angeles regional office, arranged acquisition financing of $33,998,400 for Corporate Pointe, a 160,499 sq. ft. office property located at 1,3,5,7 & 9 Corporate Park in Irvine, California. The transaction was structured with an initial 2-year interest only term. NorthMarq arranged financing for the borrower through its relationship with a pension fund advisor.

“The lender was able to offer tailored terms for a best-in-class sponsor on a value-add deal that had a unique ownership structure, the need for individual releases, and a three-week close,” said Giordani. “Lender bids were extremely tight, and we’re happy NorthMarq was able to offer market-clearing pricing that beat both bank and traditional debt-fund pricing.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.