Northmarq’s San Francisco office secures $6M refinance of commercial/industrial property in Walnut, CA
WALNUT, Calif. (Dec. 10, 2024) — Northmarq’s San Francisco team, led by Managing Director Dennis Williams and Senior Vice President Briana DeHaan, secured the $6 million external refinance loan of the five-building, 88,000 sq.-ft. property, Myles Business Park, in Walnut, California.
The loan was arranged for the borrower through Northmarq’s relationship with a life insurance company. The fixed-rate loan was structured with a 3-year term.
“The lender, Constellation Insurance, accommodated a very quick timeline for the borrower while providing an easy, user-friendly closing process,” said Williams.
Myles Business Park, home to a diverse group of 34 tenants and located at 20740, 20754 and 20720 Carrey Rd. and 20793 Valley Blvd. in Walnut, is situated in the heart of the San Gabriel Valley, approximately 41 miles from Los Angeles International Airport (LAX).
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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.
