SEATTLE (October 29, 2014) – Bob Spiro, senior vice president/managing director and Chris Pohlad, vice president of NorthMarq Capital’s Seattle based regional office secured financing for two industrial properties totaling a combined $13.9 million. Desert Business Park II: This 200,000 sq.ft. industrial property, located at 77519-77556 El Duna Court in Palm Desert, California, was refinanced at $12 million. 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. Plan B Investments: This 56,615 sq.ft. industrial property, located at 5000 South East 18th Avenue in Portland, Oregon, was refinanced at $1.9 million. 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.
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.
