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 is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
