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.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.