NorthMarq Capital secures $13.665 million in acquisition financing for three industrial buildings in Poway, California
Three Industrial Buildings
SAN DIEGO – Steve Hollister, senior vice president of NorthMarq Capital’s San Diego based regional office arranged acquisition financing of $13.665 million for a three-building industrial portfolio comprising 389,401 sq.ft., located in Poway, California. The transaction was structured with a 15-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company. “The lender won the deal based upon a strong existing relationship with the borrower and the most competitive rate,” said Hollister.
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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.
