NorthMarq Capital’s Los Angeles office arranges $8.5 million refinance of Northridge Business Park II in Chatsworth, California

Northridge Business Park II

Debt & Equity

Multi-Tenant

LOS ANGELES (April 4, 2016) – Michael Elmore, managing director and Ory Schwartz, managing director of NorthMarq Capital’s Los Angeles based regional office finalized the $8.5 million refinance of Northridge Business Park II, a 150,972 sq. ft. industrial property located at 19737-19755 Nordhoff Place, 19734-19747 Dearborn Street and 9255 Corbin Avenue in Chatsworth, California. The transaction was structured with a 15-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower, Watt Companies, through its correspondent relationship with Voya Investment Management. “We appreciate doing business with NorthMarq Capital and value our 20 year long-standing relationship,” said Brian Burdzinski, vice president of Finance and Accounting at Watt Companies. “NorthMarq provided a forward rate lock in November of 2015 to minimize volatility,” added Elmore.

View Available Industrial Listings

About Northmarq

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.