Northmarq arranges $2.6M refinance for industrial property in San Diego, CA
San Diego Industrial Property
SAN DIEGO, Ca. — Steve Hollister, senior vice president of Northmarq’s Boise Debt + Equity team, successfully arranged the $2.6 million refinance of a 104,000-sq.-ft. industrial property located in San Diego, California.
The permanent fixed-rate loan features a 10-year term and a 30-year amortization schedule. Northmarq secured the financing through a commercial bank relationship that offered the best rate in the market for this non-recourse refinance of an existing life insurance company loan, previously arranged by Northmarq.
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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.
