Senior Housing - Debt

NorthMarq Capital

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.” 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.