NorthMarq Capital arranges $2.25 million refinancing for Imperial Design Industrial Building in Gardena, California

Imperial Design Industrial Building
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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.

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: www.northmarq.com.

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