NorthMarq finalizes $4.7 million refinance of an industrial portfolio in Nevada and California
LOS ANGELES, CALIFORNIA (December 5, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office arranged the $4.7 million refinance of a portfolio of four industrial properties located in California and Nevada.
Financing Details:
- 10-year term
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with Symetra, a life insurance company.
Property Locations:
- Santa Ana, California
- Anaheim, California
- Las Vegas, Nevada
- Las Vegas, Nevada
Producer Quote:
“This was a cash-out industrial portfolio refinance of four separate assets in California and Nevada. It featured a 3.60% rate and 10-year fixed term.”
- David 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 $52 billion. For more information, visit www.northmarq.com.
