NorthMarq Capital arranges $49.9 million refinance of Villas at Camino Bernardo in San Diego, California

Villas at Camino Bernardo

Debt & Equity

Multi-Tenant

MIAMI (December 14, 2016) – Bill Johnson, managing director of NorthMarq Capital’s Miami-based regional office, arranged the $49.9 million refinance of Villas at Camino Bernardo, a 344-unit multifamily property located in San Diego, California. The transaction was structured with a 10-year term with 1-year of interest-only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Community amenities include: dog park, playground, covered parking, landscaping, two heated pools two spas, a lighted tennis court, up-to-date tennis court and resident functions. Apartment amenities include: full size washer and dryer, ceiling fans, separate dining area, granite countertops and large decks/patios with storage.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.