NorthMarq Capital arranges $6.72 million mortgage for Del Amo Industrial Buildings in Carson, California
Del Amo Industrial Buildings
LOS ANGELES (September 18, 2013) – Michael Elmore and David Blum of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $6.72 million for the Del Amo Industrial Buildings located at 2660 – 2668 East Del Amo Boulevard in Carson, California. The subject contains a total of 144,882 square feet of industrial space in 5 buildings. Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. “This transaction provided 100% cash-out non-recourse financing with a very friendly step-down prepay,” Blum said.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
