Office - Debt

NorthMarq Capital arranged $3.2 million mortgage for Navy Federal Credit Union Building in San Diego

SAN DIEGO (February 27, 2013) – Mike Dobbins, vice president of NorthMarq ‘s San Diego regional office, arranged first mortgage refinancing of $3.2 million for the Navy Federal Credit Union Building located at 9999 Willow Creek Road in San Diego, California. This asset consists of 36,100 sq. ft. of space and is situated in a high quality single tenant office building located in the master-planned Scripps Ranch Business Park. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Currie Samuelson Development Group LP, by NorthMarq through its relationship with a correspondent life company lender.

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.