Industrial - Debt

NorthMarq Capital

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

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.  

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.