Northmarq's San Diego office arranges $4.65M refinance for multi-tenant retail property
Eric Flyckt, managing director of Northmarq’s San Diego office, secured a $4.65 million refinance for a three-tenant retail property in Corona, California. The tenants, each of whom occupies their own building, comprise LA Fitness, a credit union and a restaurant. The 10-year, fixed-rate, non-recourse loan was structured with a 30-year amortization and provides a 10-year extension option. Northmarq arranged the financing from an insurance company for whom Northmarq is a correspondent and servicer.
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