NorthMarq completes $5 million refinance of Watney Industrial in Fairfield, California
Watney Industrial
LOS ANGELES, CALIFORNIA (February 17, 2020) – Ory Schwartz, senior vice president/managing director of NorthMarq’s Los Angeles office arranged the $5 million refinance of Watney Industrial. The 100,460 sq. ft. single-tenant industrial building is located at 2345 South Watney Way in Fairfield, California.
The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
