Industrial - Debt

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

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.