NorthMarq Capital’s Los Angeles office closes $5 million refinance for industrial building in Rancho Dominguez, California
LOS ANGELES (July 26, 2017) Ory Schwartz, managing director of NorthMarq Capital’s Los Angeles regional office, arranged refinancing of $5,000,000 for an 87,536 sq. ft. industrial property located in Rancho Dominguez, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “NorthMarq arranged the loan on behalf of a Los Angeles-based private investor,” said Schwartz.
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