Northmarq Capital arranges $17.2 million refinance for Pasadena Clinical Physicians Neuroscience Center in Pasadena, California
LOS ANGELES (March 18, 2014) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles based regional office arranged refinancing of $17.2 million for Pasadena Clinical Physicians Neuroscience Center, a 49,652 sq.ft. medical office building located at 630 South Raymond Avenue, Pasadena, California. The transaction was structured with a 10-year term and 30-year amortization schedule and was arranged for the borrower through NorthMarq’s relationship with an investment management firm.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.