Industrial - Debt


NorthMarq completes $5 million refinance of Watney Industrial in Fairfield, California

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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.