NorthMarq Capital arranges acquisition financing of $4,639,250 for industrial property in Fullerton, California
Industrial Property
LOS ANGELES (April 17, 2015) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office arranged acquisition financing of $4,639,250 for a 60,250 sq.ft. industrial property located at 2300 Raymer Avenue in Fullerton, California. The transaction was structured with a fully amortizing 25-year term with a 25 year fixed rate below 4.5 percent. “The ongoing environmental remediation was a challenge we were able to overcome,” said Blum.
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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.
