NorthMarq Capital’s San Diego office arranges $12,800,000 acquisition financing for a grocery anchored center in San Bernardino County
Grocery Anchored Center
SAN DIEGO (May 25, 2017) Doug Austin, senior vice president/ senior director of NorthMarq Capital’s San Diego regional office arranged acquisition financing of $12,800,000 for a retail property located in San Bernardino County, California. The transaction was structured with a 10-year loan term with 10 years interest-only payable. “NorthMarq selected a proven CMBS lender to close this time-sensitive transaction,” said Austin.
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.
