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