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

Single Tenant Office Building
Debt & Equity
Multi-Tenant
Office
Permanent Loan - Fixed
Bank
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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.

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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.
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