Office - Debt

NorthMarq Capital

NorthMarq Capital’s San Diego office arranges $9 million loan for San Francisco office building

SAN DIEGO (March 13, 2018) – Aaron Beck, vice president and Eric Flyckt, senior vice president/managing director of NorthMarq Capital’s San Diego office arranged a $9 million permanent loan for a single-tenant office property located in San Francisco, California. The 10-year loan includes full-term interest-only payments at 65 percent loan-to-value (LTV). NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “The lender provided a smooth execution with a great deal of transparency throughout the process. The 65 percent LTV returned nearly 100 percent of the borrower’s equity while the interest-only payments, at an attractive interest rate, allowed the borrower to maintain a debt service payment that was equivalent to the prior loan.” said Beck.

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.