December 18, 2014

NorthMarq Capital arranges $5.6 million in acquisition financing for industrial property in Fontana, California

Fontana Industrial

Debt & Equity

Multi-Tenant

LOS ANGELES (December 10, 2014) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office secured acquisition financing of $5.6 million for Fontana Industrial, a 136,280 sq.ft. industrial property located at 11440 Pacific Avenue in Fontana, California. The transaction, locked at just over 4%, was structured as a 20-year fully amortizing loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a Nationwide Life. The life company completed this purchase money loan in 40 days to accommodate a hard purchase date of December 5. “Nationwide once again executed a great economic deal for a client on a very short hard deposit time line,” said Elmore.

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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.