NorthMarq arranged refinancing of $7.6 million for Seawind Seniors Apartments in Oxnard, California

Seawind Seniors Apts

Debt & Equity

Multi-Tenant

SAN DIEGO, CALIFORNIA (July 24, 2019) – Marty Meagher, senior vice president and Gardiner Champlin, senior vice president of NorthMarq’s San Diego office secured refinancing of $7.6 million for Seawind Seniors Apartments. The senior housing property consists of 101-units and is located at 4450 South Saviers Road in Oxnard, California. The permanent-fixed loan was structured with a 10-year interest-only term. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.

“We had a great team effort of many participants to pay off existing bond financing credit-enhanced by Fannie Mae with new conventional first mortgage provided by Fannie Mae,” said Meagher. “This transaction preserved high quality affordable senior housing for the Oxnard community.”

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About Northmarq

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.