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Northmarq secures $6.1M permanent financing for Van Nuys warehouse portfolio

The deal provides ten-year permanent financing for three single-tenant flex or showroom industrial properties in the Van Nuys area of the San Fernando Valley.

Reported · Written up by our desk · Industrial & Land

Northmarq’s Los Angeles Debt + Equity team arranged $6.1 million in permanent financing for a portfolio of three flex and showroom industrial properties in Van Nuys, within the Los Angeles metro, ConnectCRE said.

The financing was placed through a correspondent relationship with a life insurance company and structured on a ten-year term.

The properties include 14943 Califa St., built in 1955 on a 0.33-acre site, and 15044 Keswick St., built in 1969 on a 1.48-acre site, both described as single-tenant industrial flex/showroom assets.

ConnectCRE also said the portfolio includes 14932 Oxnard St., a single-tenant industrial property on about 0.65 acres, and that the assets benefit from their location in Van Nuys, an established infill industrial market in Southern California.

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