Industrial - Debt

NorthMarq finalizes $10 million refinance of Lambert Industrial in Fullerton, California

NEWPORT BEACH, CALIFORNIA (May 11, 2020) – Daniel McCarthy, senior vice president, and Michael Elmore, managing director of NorthMarq’s Newport Beach office worked together to arrange the $10 million refinance of Lambert Industrial in Fullerton, California. The two properties contain a combined 87,652 sq. ft.

The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. 

The 150 Lampert is 45,761 rentable sq. ft. and 110 Lampert is 41,891 rentable sq. ft., a total of 87,652 rentable. The property features a new state-of-the-art corporate headquarter buildings located in a business park. 

“NorthMarq was able to get the deal rate locked at the beginning of the Covid Crisis and lender, because of the low leverage, was able to keep all other terms as quoted and closed on a very timely manner under the circumstances,” said Elmore. 

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.