Office - Debt

NorthMarq Capital

NorthMarq Capital’s San Diego office arranges $3.85 million refinance of single-tenant office property in Clovis, California

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.” 

 

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.