NorthMarq Capital arranges $3.36 million mortgage for West Temple Apartments in Los Angeles, California
West Temple Apts
LOS ANGELES (November 5, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged refinancing of $3.36 million for West Temple Apartments, a 29-unit, market-rate multifamily property located at 2410 West Temple Street, Los Angeles, Calif. Financing was based on a 30-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a regional bank. “The transaction provided significant cash-out,” said Blum.
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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.
