NorthMarq Capital arranges $2.25 million refinancing for Imperial Design Industrial Building in Gardena, California
Imperial Design Industrial Building
LOS ANGELES (December 20, 2013) – David R. Blum, senior vice president/senior director of NorthMarq’s Los Angeles office arranged refinancing of $2.25 million for the Imperial Design Industrial Building, a 36,406 sq.ft. industrial building located at 14100 Kingsley Drive, Gardena, California. The transaction was structured with a 15-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a federal credit union. The loan structure includes no prepayment penalty.
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