NorthMarq Capital’s Los Angeles office arranges $7.25 million refinance of industrial building located in American Canyon, California
Industrial Building
LOS ANGELES (December 13, 2016) – Robert R. Hervey, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, secured the $7.25 million refinance of a 150,080 sq. ft. single tenant industrial building located at 880 Hanna Drive in American Canyon, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The building is occupied by Western Wine Services, Inc. “The existing relationship between the strong borrower and a correspondent life insurance company lender made this transaction a good fit for both,” said Hervey.
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.
