NorthMarq Capital arranges permanent financing for San Diego Logistics facility
SAN DIEGO (July 17, 2018) – Bill Libercci and Tim Greisman in NorthMarq Capital’s Baltimore office collaborated with Steve Hollister in NorthMarq Capital’s San Diego office to arrange permanent financing of a final-mile industrial property located in San Diego, California owned by Realterm Logistics. The 180,000 sq. ft. building is fully occupied by a leading global e-commerce company. NorthMarq placed the loan for Realterm with one of its correspondent life company lenders.
“The lender provided very competitive terms for an office/warehouse building leased to a single tenant,” said Hollister. “The quality of the location, the tenant and the sponsorship combined to reduce the lender risk and make this a quality loan opportunity,” added Libercci.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
