NorthMarq Capital’s Los Angeles office arranges $6.1 million for industrial properties in Santa Fe Springs and Lake Forest, California
Industrial Properties
LOS ANGELES (July 22, 2015) – Mike Elmore, executive vice president/managing director and Daniel McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office arranged the $6.1 million refinance of two industrial properties located in Santa Fe Springs and Lake Forest, California consisting of a combined 92,848 sq.ft. The low leverage transaction was structured with a 10-year term and 30-year amortization schedule and featured a step down prepay and quick closing. Stylecraft Home Collection represents the property’s major tenant. “This was a100 percent cash out financing that will enable the borrower to improve the properties and/or acquire others,” said McCarthy.
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.
