April 22, 2015

NorthMarq Capital’s Los Angeles office facilitates $10 million refinance of Mason Avenue Industrial Building

Mason Avenue Industrial Building

Debt & Equity

Multi-Tenant

LOS ANGELES (April 22, 2015) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq Capital’s Los Angeles regional office arranged the $10 million refinance of a 154,456 sq.ft. industrial building located at 9151 Mason Avenue in Los Angeles, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Nationwide Life Insurance Company. The property’s tenants include: Portion Pac and MVL Productions. “The borrower is strong and experienced in this product type,” noted Hervey. “They have a long-standing relationship with this lender which helped the transaction to close smoothly.”

Available Industrial properties

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.