NorthMarq Capital’s San Diego office arranges $23.4 Million refinance of Crossroads Corporate Center in Murrieta, California
Crossroads Corporate Center
SAN DIEGO (June 6, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego regional office, negotiated the $23,400,000 refinance of Crossroads Corporate Center, a 152,751 sq. ft. office property located in Murrieta, California. The transaction was structured with a 10-year loan term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The lender provided a solid execution without hiccup, delay or changes,” said Hollister. “They understood the quality of the real estate and sponsor and were comfortable at a slightly higher LTV than most other life companies.”
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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.
