Senior / Assisted Living
Debt & Equity

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

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.” 

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.

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Seawind Seniors Apts
Permanent Loan - Fixed
$7,600,000