Northmarq arranges $11 million refinance of industrial property in Sunnyvale, Texas
LOS ANGELES, CALIFORNIA (June 7, 2021) - Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office secured the $11 million refinance of Planters Road Industrial. The 623,512 square foot single-tenant industrial building is located at 199 Planters Road in Sunnyvale, Texas. The Transaction was structured with a 6-year term a on a 25 year amortization schedule. Northmarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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 more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
