NorthMarq Capital’s Los Angeles office arranges $5,308,240 acquisition finance for industrial building in Brea, California
Industrial Building
LOS ANGELES (August 1, 2017) David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated acquisition financing of $5,308,240 for a 37,916 sq. ft. industrial property located at 955 Beacon Street in Brea, 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 national bank. Turf Star will be the featured tenant at this industrial asset. “We were happy to close this deal at 80 percent of the purchase price below a three percent interest rate,” said Blum.
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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.
