NorthMarq Capital’s Los Angeles office closes $5 million refinance for industrial building in Rancho Dominguez, California
Industrial Building
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.
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.
