NorthMarq Capital’s Los Angeles office negotiates $4.2 million refinance of Heavenly Oaks Manufactured Housing Community in Guatay, California
Heavenly Oaks
LOS ANGELES (January 6, 2016) – Dan McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office finalized the $4.2 million refinance of Heavenly Oaks, a 100 percent occupied 95 unit manufactured housing community located at 26835 Old Highway 80 in Guatay, California. The transaction was structured with a 10-year term and 30-year amortization schedule. “The borrower wanted a longer-term, fixed-rate loan with the flexibility to pay the loan off with no prepayment,” said McCarthy.
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.
