NorthMarq Capital arranges $3 million refinancing of Ontario Industrial Building located in Ontario, California

Ontario Industrial Building
LOS ANGELES (October 9, 2013) – Michael Elmore, executive vice president/managing director of NorthMarq’s Los Angeles regional office, arranged refinancing of $3 million for the 102,168 sq.ft. Ontario Industrial Building, located at 1310 South Cucamonga Avenue, Ontario, CA . Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. The financing featured no recourse and no warm body carve outs and cash out with a 50% increase in loan amount with no change to payments. The structure is an older building with a short term lease and no structure for rollover. “The lender once again provided an excellent economic loan with minimal costs and no structure,” said Elmore.

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:

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