NorthMarq Capital arranges $49.9 million refinance of Villas at Camino Bernardo in San Diego, California
MIAMI (December 14, 2016) – Bill Johnson, managing director of NorthMarq Capital’s Miami-based regional office, arranged the $49.9 million refinance of Villas at Camino Bernardo, a 344-unit multifamily property located in San Diego, California. The transaction was structured with a 10-year term with 1-year of interest-only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Community amenities include: dog park, playground, covered parking, landscaping, two heated pools two spas, a lighted tennis court, up-to-date tennis court and resident functions. Apartment amenities include: full size washer and dryer, ceiling fans, separate dining area, granite countertops and large decks/patios with storage.
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.
