NorthMarq Capital arranged $3.29 million mortgage for Aspen Hancock Industrial Building in Anaheim, California
Aspen Hancock Ind. Bldg
LOS ANGELES (May 20, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $3.29 million for Aspen Hancock Industrial Building located at 1270 North Hancock Street in Anaheim, California. The single-tenant property consists of 49,200 sq. ft. of industrial space. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a local credit union. “This was challenging due to less than two years remaining on lease term for a single tenant asset,” Blum said.
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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.
