NorthMarq Capital arranges $1.886 million mortgage for Fourth Street Lofts in Los Angeles, California

Fourth Street Lofts

LOS ANGELES (September 30, 2013) – Ory Schwartz of NorthMarq’s Los Angeles regional office, arranged refinancing of $1.886 million for Fourth Street Lofts, a 10-unit, 10,016 sq. ft., market-rate multifamily property located at 1340 West 4th Street in Los Angeles, California. Financing was based on a 30-year term fixed for 7 years with max LTV and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a regional bank. “Through NorthMarq’s relationship with the lender, the borrower was able to lock in low coupon in a rising rate environment. Lender honored the rate through a significant upswing in rates prior to locking,” Schwartz said.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

NM Web Icon News Black

Join the mailing list