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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
