NorthMarq Capital arranged $3.2 million mortgage for Navy Federal Credit Union Building in San Diego
Navy Federal Credit Union Building
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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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
