April 30, 2015

NorthMarq Capital’s Los Angeles office finalizes $3.5 million refinance of San Bernardino Medical Group

San Bernardino Medical Group

Debt & Equity

Multi-Tenant

LOS ANGELES (April 30, 2015) – Mark Dodson, vice president of NorthMarq Capital’s Los Angeles based regional office, completed the $3.5 million refinance of San Bernardino Medical Group, a 36,577 sq.ft. single-tenant medical office building located at 1700 Waterman Avenue in San Bernardino, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. San Bernardino Medical Group is the property’s tenant. “This was a unique transaction and many lenders passed because the property ownership group included also partners in the major tenant medical group,” explained Dodson. “The borrower had an existing quote and appraisal from another lender but NorthMarq was able to secure higher proceeds, including cash-out for the borrower and a lower interest rate to close on time.”

Available Medical 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.