NorthMarq Capital’s Los Angeles office arranges $6.1 million for industrial properties in Santa Fe Springs and Lake Forest, California
Industrial Properties
LOS ANGELES (July 22, 2015) – Mike Elmore, executive vice president/managing director and Daniel McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office arranged the $6.1 million refinance of two industrial properties located in Santa Fe Springs and Lake Forest, California consisting of a combined 92,848 sq.ft. The low leverage transaction was structured with a 10-year term and 30-year amortization schedule and featured a step down prepay and quick closing. Stylecraft Home Collection represents the property’s major tenant. “This was a100 percent cash out financing that will enable the borrower to improve the properties and/or acquire others,” said McCarthy.
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.
