NorthMarq Capital’s San Diego office arranges $12.35 million refinance for Interstate Business Center in Wildomar, California
Interstate Business Center
SAN DIEGO (May 30, 2017) Steve Hollister, senior vice president of NorthMarq Capital’s San Diego regional office, negotiated refinancing of $12,350,000 for Interstate Business Center, a 229,410 sq. ft. industrial property located in Wildomar, California. The transaction was structured with a 10-year loan term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
“A top correspondent life insurance company represented by NorthMarq Capital provided a nine month forward commitment to refinance this loan for a long-standing borrower,” said Hollister.
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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.
