April 8, 2013

NorthMarq Capital arranged $1.5 million mortgage for single tenant office building in Fresno, California

Pence Shaw-Blythe Office Bldg

Debt & Equity

Multi-Tenant

LOS ANGELES (April 8, 2013) – Robert Hervey, executive vice president and managing director of NorthMarq’s Los Angeles regional office, arranged acquisition financing of $1.5 million for 5168 N. Blythe in Fresno, California. This asset is an 18,640 sq. ft. single-tenant office building fully leased to Families First. Financing was based on a 10-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. “This transaction is the refinancing of an existing loan with the existing lender. The original loan was fully amortizing, but the Note contained an open period that allowed the refinancing,” said Hervey. “The good relationship between the borrower and the lender made this single-tenant office building refinancing relatively straight forward.”

Available Office properties

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: www.northmarq.com.