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