NorthMarq Capital arranges $3.6 million refinance of Eastborne III Apartments in Los Angeles, California
Eastborne III Apts
LOS ANGELES (January 10, 2017) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office, secured the $3.6 million refinance of Eastborne III Apartments, a 24-unit multifamily property located at 10644 Eastborne Avenue in Los Angeles, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “We were able to close in 30 days due to working with NorthMarq’s Fannie Mae lending division,” said Blum.
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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.
