Northmarq’s San Diego office arranges $16.1 million bridge loan for value-add flex property

Value-Add Flex Property

SAN DIEGO, CALIFORNIA (January 6, 2022) – Aaron Beck, managing director of Northmarq’s San Diego regional office, secured a $16.1 million bridge loan for the acquisition and renovation of a multi-building flex property located at 10965-10995 Via Frontera in San Diego, California. The non-recourse bridge financing was arranged for the Borrower through a regional bank. The property will be modernized and undergo substantial exterior and interior improvements.  

“This was a sale leaseback transaction involving a new lease with the primary tenant, which added immediate value to the asset at closing.  The floating-rate bridge financing provides the Borrower with a majority of the capital for the exterior renovations and tenant improvements to satisfy the business plan,” said Beck. “The loan was structured with interest-only payments at an attractive rate, minimal prepayment penalty and extension options.”

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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