Multifamily - Debt

NorthMarq Capital’s Los Angeles office finalizes $7.202 million refinance of St. George Apartments in Huntington Beach, California

LOS ANGELES (February 19, 2015) – Michael Elmore, executive vice president/managing director and Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles office arranged the $7.202 million refinance of St. George Apartments, a 50-unit multifamily property located at 6372-6472 Warner Avenue in Huntington Beach, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.

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 more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.