Multifamily - Debt

NorthMarq Capital

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

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. 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.