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