November 9, 2016

NorthMarq Capital’s Phoenix office arranges financing for $32 million sale of San Diego Business Park

San Diego Business Park

Debt & Equity

Multi-Tenant

PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office arranged a $16.65 million loan on the $32 million acquisition of an 11-building office/warehouse/flex business park, totaling approximately 208,500 sq. ft. in San Diego, California. The transaction was structured with a 5+5 term on a 25-year amortization with 3-years of interest-only and flexible prepayment options. Financing for the borrower was arranged through NorthMarq’s relationship with a national bank. “This is an excellent asset in an irreplaceable location and a low leverage request; consequently, we had numerous lenders pursuing this opportunity. In the end, the sponsor selected a lender with extreme prepay flexibility, partial interest-only and a fixed rate," said DuMars.

Available Mixed Use 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.