NorthMarq Capital’s Los Angeles secures $7.5 million refinance of two industrial properties in Modesto, California

Industrial Properties

Debt & Equity

Multi-Tenant

LOS ANGELES (February 21, 2018) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles office, arranged $7.5 million in financing for two industrial properties located in Modesto, California. Wieland Industrial Property: This 154,818 sq. ft. industrial property is located at 214 Wieland Avenue in Modesto, California. The $3.5 million refinance was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Doherty Industrial Property: This 171,300 sq. ft. industrial property is located at 2336 Doherty in Modesto, California. The $4 million refinance was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Stanislaus Food Products represents the property’s major tenant.

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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.