Industrial - Debt

NorthMarq Capital’s Los Angeles office secures $5.3 million in financing for two industrial buildings

LOS ANGELES (December 1, 2015) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq Capital’s Los Angeles regional office arranged refinancing for two industrial buildings in California’s Inland Empire. The transactions were structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

The first loan was $1.8 million and was arranged for a 51,020 sq. ft. industrial building located at 10215 San Sevaine in Jurupa Valley, California. The second loan was $3.5 million and was arranged for an 118,615 sq. ft. industrial building located at 10955 Arrow Route in Rancho Cucamonga, California.

“The security for each loan is an industrial building occupied with a single non-credit tenant,” said Hervey. “The great relationship with a strong and experienced borrower and correspondent lender facilitated these low-leveraged transactions.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.