NorthMarq Capital arranges $8 million loan for Western Wine Distribution warehouse in American Canyon, California

Western Wine Distribution
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LOS ANGELES (November 24, 2014) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq Capital’s Los Angeles based regional office negotiated the $8 million refinance of a Western Wine Distribution warehouse, a 196,800 sq.ft. industrial property located at 1275 Commerce Boulevard, American Canyon, California. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Nationwide Life Insurance Company. The building is temperature controlled for wine storage. The high quality tenant leased the building for a relatively long term. “The very strong borrower has a long-term relationship with this lender, which resulted in very good terms,” said Hervey.

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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