October 6, 2015

NorthMarq Capital’s Phoenix office arranges a $1.85 million refinance for The Shores Inn in Ventura, California

The Shores Inn

Debt & Equity

Multi-Tenant

PHOENIX – NorthMarq Capital’s Phoenix based office arranged a $1.85 million refinance for The Shores Inn, a 30-unit motel located at 1065 South Seaward Avenue in Ventura, California. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “This was a refinance of a maturing Chase loan and some minimal cash-out,” said Teske. “The transaction has a fully amortizing 25-year term fixed for seven years at 5.1 percent.”

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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.