October 10, 2014

NorthMarq Capital finalizes acquisition financing of $12.2 million in Temecula, California

Industrial Property

Debt & Equity

Multi-Tenant

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.

Available Industrial properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.