SAN DIEGO (November 10, 2014) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego based regional office negotiated the $12.2 million financing for the acquisition of a 228,912 sq.ft. industrial property located in Temecula, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The lender won the deal by providing 70 percent loan-to-purchase price financing at a very competitive rate,” said Hollister.
