March 23, 2016 Comments Off on NorthMarq Capital Secures $31.5M Acquisition Loan for Northridge Summit Views: 430 California, California News, San Diego, West

NorthMarq Capital Secures $31.5M Acquisition Loan for Northridge Summit

Minnesota-based NorthMarq Capital secured a $31.5-million acquisition loan for Northridge Summit, an institutional-quality office building located along the I-15 corridor in San Diego. The three-story, Class A 135,000-square-foot building is located in the Scripps Ranch/Poway submarket.

NorthMarq arranged the financing for the borrower, through its relationship with a CMBS lender. The borrower is an entity sponsored by the principals of Davlyn Investments.

Founded in 1993, Davlyn Investments is a prominent San Diego-based real estate operating company that specializes in the acquisition, repositioning, management and sale of multifamily, office and industrial properties throughout California.

NorthMarq Capital’s Eric Flyckt handled the financing assignment.

Connect with NorthMarq’s Flyckt

Connect with Davlyn

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