NorthMarq Capital arranges $3.6 million refinance of Eastborne III Apartments in Los Angeles, California
LOS ANGELES (January 10, 2017) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office, secured the $3.6 million refinance of Eastborne III Apartments, a 24-unit multifamily property located at 10644 Eastborne Avenue in Los Angeles, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “We were able to close in 30 days due to working with NorthMarq’s Fannie Mae lending division,” said Blum.
Meet our team
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 more than $52 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.
