NorthMarq Capital’s San Diego office arranges $8.5 million bridge loan for Los Robles Medical Campus in Thousand Oaks, California

Los Robles Medical Campus

Debt & Equity

Multi-Tenant

SAN DIEGO (August 17, 2018) – Doug Austin, senior vice president of NorthMarq Capital’s San Diego regional office, arranged an $8.5 million bridge loan for the acquisition of Los Robles Medical Campus in Thousand Oaks, California. The campus comprises six buildings totaling 43,828 sq. ft. The transaction was structured with a 3-year term, interest-only payments, and additional funds available for capital improvements, leasing commissions and tenant improvements. NorthMarq arranged the financing through its long-standing relationship with a CMBS lender. NorthMarq will service the loan.

“The lender won the business by having competitive terms, followed through with a seamless underwriting, and a flexible closing process to meet the acquisition date. The borrower commented that the loan matched all of his needs including the additional funds for future capital improvements, leasing commissions and tenant improvements,” said Austin.

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About Northmarq

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.