NorthMarq Capital arranges $7.15 million refinance for Tide Court Industrial in Woodland, California

Tide Court Industrial
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LOS ANGELES (December 16, 2014) – Robert R. Hervey, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office finalized the $7.15 million refinance of Tide Court Industrial, a 432,000 sq.ft. property located at 1685 Tide Court in Woodland, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The building is 83 percent leased of which 15 percent is on month-to-month tenancy. With a conservative loan amount and a strong borrower, the lender was able to close the loan without leasing escrows. Major tenants include Clark-Dietrich Building Systems LLC and Johnston’s Trading Post, Inc. “The borrower is strong and very experienced in the ownership and management of bulk industrial buildings,” said Hervey. “That, combined with a great existing relationship with the lender, made this a good deal for all parties involved.”

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 www.Northmarq.com.

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