NorthMarq’s Paul Brighton arranges refinance of retail property in Lompoc, California
Retail Property
DALLAS, TEXAS (February 18, 2019) – Paul Brighton, senior vice president/senior director of NorthMarq’s Dallas-based regional office arranged the refinance of a 38,914 sq. ft. retail property located in Lompoc, California. The transaction was structured with a 10+10-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The center was built in 1983,” said Brighton. “The borrower’s collateral sits on five non-contiguous parcels, consisting of five buildings and 20 tenant spaces. The lender was able to provide a long-term financing solution for the borrower with a 10+10 loan structure.”
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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.
