Industrial - Debt

NorthMarq finalizes $4.7 million refinance of an industrial portfolio in Nevada and California

LOS ANGELES, CALIFORNIA (December 5, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office arranged the $4.7 million refinance of a portfolio of four industrial properties located in California and Nevada.

Financing Details:
– 10-year term
– 30-year amortization schedule
– NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with Symetra, a life insurance company. 

Property Locations:
– Santa Ana, California
– Anaheim, California
– Las Vegas, Nevada
– Las Vegas, Nevada

Producer Quote:
“This was a cash-out industrial portfolio refinance of four separate assets in California and Nevada. It featured a 3.60% rate and 10-year fixed term.” 

– David Blum

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.