David Mott of NorthMarq Capital’s Dallas office arranges bridge financing for Save Mart in Los Bano, California
Save Mart
DALLAS (December 20, 2016) – David Mott, senior vice president of NorthMarq Capital’s Dallas-based regional office, secured bridge financing for a 90,597 sq. ft. value-add retail property located in Los Bano, California. The transaction was structured with a 3-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with an insurance company. The property will be anchored by a new Save Mart Grocery Store.
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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.
