June 8, 2018

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

Corporate Pointe

Debt & Equity

Multi-Tenant

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.”

Available Office properties

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: www.northmarq.com.