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.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
