NorthMarq Capital’s San Diego office arranges $23.4 Million refinance of Crossroads Corporate Center in Murrieta, California

Crossroads Corporate Center
32b04cea-a572-4057-a8fc-712496697668.jpg

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.”

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.

Image
NM Web Icon News Black

Stay on top of industry research