NorthMarq Capital’s San Diego office arranges $11.6 million refinance of a memory care facility in Carlsbad, California

Memory Care Facility
SAN DIEGO –Eric Flyckt, senior vice president/managing director of NorthMarq Capital’s San Diego based regional office and Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office collaborated to arrange the $11.6 million refinance of a recently completed 80-unit memory care facility in Carlsbad, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a life insurance company. This high-quality facility comprises private suites, private studios, semi-private suites, three great rooms, dining room, kitchen and large exterior courtyards which are beautifully landscaped. The facility was 95 percent occupied at closing. “NorthMarq secured a take-out loan from an insurance company to pay off the construction loan,” said Flyckt. “The borrower selected the insurance company lender based on their offering very attractive terms relative to the loan amount and interest rate.”

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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