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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.