NorthMarq Capital arranges $10.227 million refinance of University of Southern California student housing

USC Student Housing portfolio
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LOS ANGELES (Feb. 17, 2014) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles based regional office arranged refinancing worth $10.227 million for a five property portfolio, consisting of student housing apartments located near the University of Southern California. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrowers were repeat clients with the bank and were able to secure 15-year loans on each property in which the first five years were fixed rate before switching to a floating rate,” said Schwartz. “The borrower was able to refinancing existing loan amounts plus take out additional capital in excess of $2 million for future projects.”

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.

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