Mixed Use - Debt

NorthMarq's San Diego office arranges $7.3 million take-out financing for a mixed-use asset in Los Angeles, California

SAN DIEGO (January 10, 2017) – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego-based regional office, secured the $7.3 million refinancing to take out a construction loan on a 71,815 sq. ft. mixed-use asset located on De Soto Avenue and Nordhoff Street in Los Angeles, California. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.