NorthMarq Capital’s Los Angeles office arranges $6 million refinance of single-tenant Alamo in Newport Beach, California
LOS ANGELES (November 23, 2016) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office arranged the $6 million refinance of Alamo, a 116,000 sq. ft. car rental location advantageously located adjacent to the Orange County Airport. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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