Office - Debt

NorthMarq Capital’s Los Angeles office arranges $4.5 million refinance of Federal Way Buildings

LOS ANGELES (May 9, 2018) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated the $4.5 million refinance of Federal Way Buildings, 11,710 sq. ft. of office properties located at 2216 and 2223 Federal Avenue in Los Angeles, California. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “NorthMarq was able to get our correspondent life company comfortable enough to offer a long-term fixed rate loan for two currently vacant buildings, partially pre-leased and currently being fully renovated for creative office space,” explained Blum.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.