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Northmarq Arranges Refi for Van Nuys Warehouse Portfolio
Northmarq’s Los Angeles Debt + Equity team, led by Zalmi Klyne and Stanley Chu, successfully arranged $6.1 million in permanent financing for three flex/showroom industrial properties located within the Los Angeles metro.
Northmarq arranged financing on behalf of the borrower through a correspondent relationship with a life insurance company. The transaction was structured on a ten-year term.
The portfolio included:
14943 Califa St. is a single-tenant industrial flex/showroom property built in 1955 and situated on a 0.33-acre site. The asset features a one-story design supporting a range of showroom, warehouse and light manufacturing uses.
15044 Keswick St. is a single-tenant industrial flex/showroom property built in 1969 and situated on a 1.48-acre site.
14932 Oxnard St. is a single-tenant industrial property situated on approximately 0.65 acres.
Collectively, the three properties benefit from their locations in Van Nuys within the San Fernando Valley, one of Southern California’s most established infill industrial markets.
- ◦Sale/Acquisition
