Northmarq completes supplemental financing of $17.876 million for three multifamily properties in Santa Clarita and Canyon Country, California

Three Multifamily Properties

LOS ANGELES, CALIFORNIA (April 11, 2022) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles-based debt/equity office completed a set of financing for three multifamily properties totaling $17,876,000. The properties, all located in Canyon Country/Santa Clarita, California, include: Sand Canyon Villas & Townhomes, Diamond Park and Canyon Country Villas. Supplemental financing for each property was structured with a 6-year interest-only term followed by a 30-year amortization schedule. Northmarq arranged the permanent-fixed loans for the borrower through its Optigo status as a Freddie Mac lender. 

Sand Canyon Villas & Townhomes: Northmarq arranged supplemental financing of $4,629,000 for the multifamily property. The 215-unit multifamily property (built in 1988 and renovated in 2018) is located at 28923 North Prairie Lane in Santa Clarita, California. Community amenities include: On-site maintenance, storage space, spa, pool, playground and sundeck. Apartment amenities include: High-speed internet access, in-unit washer/dryer, and office. The property benefits from the natural beauty offered by Canyon Country, while also being in close proximity to major transit/subway/commuter rail lines, three institutions of higher learning within a 30-minute drive, and three shopping centers within 2.5 miles.

Diamond Park: Northmarq arranged supplemental financing of $6,695,000 for this 256-unit LIHTC/Bond/Affordable property (originally built in 1989) located at 27940 Solamint Road in Santa Clarita, California. Community amenities include: On-site maintenance, spa, fitness center, pool, playground and gated community. Apartment amenities include: In-unit washer/dryer, dishwasher, ceiling fans, cable ready, disposal, microwave, office, and walk-in closets. Residents enjoy easy access to numerous outdoor activities/destinations, such as Todd Longshore Park, and Canyon Country Park. Also, the nearby Soledad Canyon Road provides a plethora of restaurant, shopping and entertainment options.

Canyon Country Villas: Northmarq arranged supplemental financing of $6,552,000 for this 328-unit multifamily property (originally built in 1987) located at 26741 North Isabella Parkway in Canyon Country (Santa Clarita), California. Community amenities include: Pool, playground, on-site maintenance, and spa. Apartment amenities include: High-speed internet access, in-unit washer/dryer, smoke free environment, and office. Being just 35 miles northwest of Downtown Los Angeles, residents can make use of easy access to commuter channels, as well as enjoying the history, culture and entertainment that draws tourists to the city. While being widely known as the home of Six Flags Magic Mountain, the city also boasts a Cowboy Festival every spring, as well as Hart of the West Pow Wow—a celebration of Native American Indian culture and history. Summer free concerts, the international family film festival and the Lighted Boat Parade at Castaic Lagoon are also popular draws. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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