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.