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.” 

 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.