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