Industrial - Debt

NorthMarq completes $3.4 million acquisition financing of Golden Valley Business Park in La Puente, California

LOS ANGELES, CALIFORNIA (December 2, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office arranged acquisition financing of $3.4 million for Golden Valley Business Park. The property is located at 13914-13932 East Valley Boulevard in La Puente, California.      

Financing Details:
– 10-year fixed-rate term
– 30-year amortization schedule
– NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a credit union. 

Property Details:
– The industrial property contains 58,084 sq. ft.
– The subject is comprised of two concrete tilt-up buildings with clear heights up to 15 feet, wet sprinkler system and 30 grade level doors. 
– Improvements to the property were originally installed in 1978, renovated in 1988 and the building exteriors and common areas were recently renovated in 2011. 
– The buildings are situated on a 2.8 acre site. 
– The two buildings are 22,756 sq. ft. and 35,328 sq. ft. with office area being approximately 10 percent.

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.