NorthMarq Capital’s San Diego office arranges $8.85 million loan for the refinance of an industrial complex in San Diego’s East County
Industrial Complex
SAN DIEGO (January 11, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego-based regional office, arranged the $8.85 million refinance of a 154,037 sq. ft. industrial property located at 11639-11661 Riverside Drive in Lakeside, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. “The lender provided a very competitive rate for an 11-month forward commitment with a rate lock at loan application to refinance their existing debt on this top-quality asset,” said Hollister.
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.
