Arranges $9.4 million refinance of Laurel Court at Quail Park in Visalia, California
Laurel Court at Quail Park
SEATTLE (November 20, 2014) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office arranged $9.4 million in financing for Laurel Court at Quail park. This new 40 unit/40 bed first class memory care community, located at 5050 W. Tulare Avenue in Visalia, California, is operated by Living Care Lifestyles. NorthMarq arranged the transaction, a cash-out refinance, for the borrower through its correspondent relationship with a life insurance company.
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. For more information, visit www.northmarq.com.