David Mott of NorthMarq Capital’s Dallas office arranges bridge financing for Save Mart in Los Bano, California
DALLAS (December 20, 2016) – David Mott, senior vice president of NorthMarq Capital’s Dallas-based regional office, secured bridge financing for a 90,597 sq. ft. value-add retail property located in Los Bano, California. The transaction was structured with a 3-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with an insurance company. The property will be anchored by a new Save Mart Grocery Store.
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.
