NorthMarq Capital’s San Diego office arranges $12,800,000 acquisition financing for a grocery anchored center in San Bernardino County
Grocery Anchored Center
SAN DIEGO (May 25, 2017) Doug Austin, senior vice president/ senior director of NorthMarq Capital’s San Diego regional office arranged acquisition financing of $12,800,000 for a retail property located in San Bernardino County, California. The transaction was structured with a 10-year loan term with 10 years interest-only payable. “NorthMarq selected a proven CMBS lender to close this time-sensitive transaction,” said Austin.
About Northmarq
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.
