NorthMarq Capital’s Los Angeles office arranges $4,000,000 construction loan for industrial development in Arvada, Colorado

Industrial Development

Debt & Equity

Multi-Tenant

NEWPORT BEACH, CA (October 16, 2018) - NorthMarq Capital’s Los Angeles regional office arranged $4 million in construction financing for a 28,400 sq. ft. industrial property in Arvada, Colorado. John Marshall, vice president, arranged senior and subordinate financing that provided the sponsor with capital for 90 percent of total project costs, inclusive of development fees and leasing commissions.

“NorthMarq was able to provide financing options that included a participating construction loan through a correspondent life company, a joint-venture option, and multiple mezzanine loan options layered below bank debt,” said Marshall. “My client recognized that the market for subordinate construction debt, even in small check sizes, remains extremely aggressive. They chose a solution that offered a blended coupon marginally more expensive than traditional bank financing and significantly cheaper than syndicated or joint-venture equity.”

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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.