NorthMarq Capital’s Los Angeles office arranges $1.94 million in acquisition financing for Upland Industrial in Upland, California

Upland Industrial

LOS ANGELES (November 7, 2018) – David Blum, senior director of NorthMarq Capital’s Los Angeles regional office, secured acquisition financing of $1.94 million for Upland Industrial, a 30,639 sq. ft. industrial property located at 1701 West Foothill Boulevard in Upland, California. The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule and no pre-payment penalty. NorthMarq arranged financing for the borrower through its relationship with a credit union. 

We were able to overcome the current vacancy and environmental challenges,” said Blum.  


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:

NM Web Icon News Black

Stay on top of industry research