NorthMarq Capital’s Los Angeles office arranges $7 million refinance for Haven Commerce Center in Rancho Cucamonga, California

Haven Commerce Center

LOS ANGELES (June 5, 2017) Mike Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles regional office, negotiated refinancing of $7,000,000 for Haven Commerce Center, a 77,063 sq. ft. office property located in Ranch Cucamonga, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a conduit – CMBS. “UBS was aggressive on this recently stabilized office asset and was able to structure around government early termination clauses in over 50 percent of the space. Most of the loan proceeds were cash out and a substantial leasing reserve was funded at closing,” said Elmore.

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:

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