NorthMarq Capital arranges $6.72 million mortgage for Del Amo Industrial Buildings in Carson, California
Del Amo Industrial Buildings
LOS ANGELES (September 18, 2013) – Michael Elmore and David Blum of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $6.72 million for the Del Amo Industrial Buildings located at 2660 – 2668 East Del Amo Boulevard in Carson, California. The subject contains a total of 144,882 square feet of industrial space in 5 buildings. Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. “This transaction provided 100% cash-out non-recourse financing with a very friendly step-down prepay,” Blum said.
About Northmarq
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.
