NorthMarq Capital’s San Diego office arranges $3.85 million refinance of single-tenant office property in Clovis, California
Single-Tenant Office Property
SAN DIEGO (November 5, 2018) – Conor Freeman, vice president of NorthMarq Capital’s San Diego office, negotiated $3.85 million in financing for a 32,400 sq. ft. office property located in Clovis, California. The transaction was structured with a 5-year term and a 25-year amortization schedule. Freeman arranged the financing through a regional balance sheet lender.
“NorthMarq was able to get the lender comfortable with a local tenant in a secondary market,” said Freeman. “The sponsor was very pleased with the flexible prepay and low fixed rate which was locked 45 days prior to close.”
Meet our team
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.
