NorthMarq Capital’s Los Angeles office arranges $8 million refinance of Treehouse Apartments in San Marcos, California
Treehouse Apts
LOS ANGELES (December 22, 2017) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, secured refinancing of $8,000,000 for Treehouse Apartments in San Marcos, California. The deal was structured by a 5-year loan term on a 25-year amortization schedule, with 3-years interest-only. NorthMarq arranged financing for the borrower through its relationship with a credit union. “This loan facilitated the refinance of the loan for the student housing project while at the same time provided acquisition dollars to acquire an adjacent retail pad that will be incorporated into the student housing project,” said Schwartz.
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.
