NorthMarq Capital arranged $4.635 million mortgage for Lake Forest Industrial Park in Lake Forest, California

Lake Forest Industrial Park
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LOS ANGELES (January 16, 2013) – Michael Elmore, executive vice president and managing director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $4.635 million for Lake Forest Industrial Park, a 74,314 sq. ft. industrial park located in Lake Forest, California. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. “The bank provided a seven-year fixed-rate loan at 4.15% with a flexible prepayment schedule,” said Elmore. “This lowered the borrower’s finance cost by nearly 3% annually.”

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.