Industrial - Debt, Equity

NorthMarq Capital

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

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.”  

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.