NorthMarq’s Newport Beach office arranges $11.25 million refinance of Cinderella Business Park in Auburn, Washington
NEWPORT BEACH (May 17, 2021) – Scott Botsford, vice president of NorthMarq’s Newport Beach office, secured the $11.25 million refinance of Cinderella Business Park. The 143,420 sq. ft. industrial property is located in Auburn, Washington. The transaction was structured with a 5-year term with 2-years of interest only followed by a 30-year amortization schedule. NrothMarq arranged the permanent-fixed loan for the borrower, through its correspondent relationship with RGA, a life company lender.
Please contact Scott Botsford, Vice President for more details.
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