Industrial - Debt

NorthMarq Capital’s Los Angeles office finalizes $16 million refinance for a large distribution/warehouse facility in Rancho Dominguez, California

LOS ANGELES (April 7, 2016) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq Capital’s Los Angeles regional office arranged the $16 million refinance of a 356,642 sq. ft. industrial distribution/warehouse facility located at 19801 South Santa Fe Avenue in Rancho Dominguez, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arrange financing through its relationship with a life insurance company, who provided a six month forward commitment that allowed the borrower to lock the interest rate during a volatile interest rate period. The single tenant building is leased to Port Logistics.

“With the good quality building and strong, experienced borrower, the lender was able to provide 10-year financing with no special structure even though this is a single tenant building with lease rolling during the loan term,” explained Hervey.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.