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.
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