October 22, 2015

NorthMarq Capital completes $18 million refinance of Mission Pacific Apartments in San Diego, California

Mission Pacific Apts

Debt & Equity

Multi-Tenant

SAN DIEGO (October 22, 2015) – Eric Flyckt, senior vice president/managing director of NorthMarq Capital’s San Diego based office completed the $18 million refinance of Mission Pacific Apartments, a 132-unit multifamily property located in San Diego, California. The property is located in a desirable urban neighborhood of San Diego, maintains a strong historical occupancy and is very well maintained. Property amenities include a pool, spa, laundry facility, and gate-controlled access. The property offers one-, two-, and three-bedroom units. 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.

Available Multifamily 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.