NorthMarq’s Gardiner Champlin and Marty Meagher collaborate to arrange $80 million refinance of a multifamily project in San Diego, California

Multifamily Project

Debt & Equity

Multi-Tenant

SAN DIEGO (July 9, 2018) – Gardiner Champlin, senior vice president and Marty Meagher, senior vice president of NorthMarq Capital’s San Diego regional office, arranged the $80 million refinance of a multifamily project in San Diego. The transaction was structured with an 11-year term with 3 years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged financing through its long-standing relationship with a life insurance company.

“The lender won the business with a very competitive quote and followed through with a seamless underwriting and closing process to meet a closing target date specified by the borrower,” noted Champlin. “The borrower commented that this was perhaps the most stress-free refinance transaction he has ever experienced,” added Meagher.

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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.