November 6, 2013

NorthMarq Capital arranges $3.36 million mortgage for West Temple Apartments in Los Angeles, California

West Temple Apts

Debt & Equity

Multi-Tenant

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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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