NorthMarq Capital arranges $2.25 million refinancing for Imperial Design Industrial Building in Gardena, California
Imperial Design Industrial Building
LOS ANGELES (December 20, 2013) – David R. Blum, senior vice president/senior director of NorthMarq’s Los Angeles office arranged refinancing of $2.25 million for the Imperial Design Industrial Building, a 36,406 sq.ft. industrial building located at 14100 Kingsley Drive, Gardena, California. The transaction was structured with a 15-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a federal credit union. The loan structure includes no prepayment penalty.
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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.
