NorthMarq Capital’s Los Angeles office arranges $5,308,240 acquisition finance for industrial building in Brea, California
Industrial Building
LOS ANGELES (August 1, 2017) David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles regional office, negotiated acquisition financing of $5,308,240 for a 37,916 sq. ft. industrial property located at 955 Beacon Street in Brea, California. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. Turf Star will be the featured tenant at this industrial asset. “We were happy to close this deal at 80 percent of the purchase price below a three percent interest rate,” said Blum.
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