Regions West | Orange County
Sept 5, 2008
First mortgage financing has closed for Etchandy Commerce Center and Etchandy Industrial Complex II, two industrial parks encompassing an aggregate 207,000 square feet in Orange County. NorthMarq Capital Inc. orchestrated the transaction, securing two 10-year term loans with 30-year amortization schedules through its correspondent relationship with ING Life Insurance and Annuity Co. and ING USA Annuity and Life Insurance Co. The 102,000-square-foot Etchandy Commerce in Anaheim was financef for $4.6 million and the 105,000-square-foot Etchandy Industrial was financed for $5.8 million. The loan-to-value ratio was less than 25 percent and the loan-to-land value was below 50 percent.
First mortgage financing has closed for Etchandy Commerce Center and Etchandy Industrial Complex II, two industrial parks encompassing an aggregate 207,000 square feet in Orange County. NorthMarq Capital Inc. orchestrated the transaction, securing two 10-year term loans with 30-year amortization schedules through its correspondent relationship with ING Life Insurance and Annuity Co. and ING USA Annuity and Life Insurance Co. The 102,000-square-foot Etchandy Commerce in Anaheim was financef for $4.6 million and the 105,000-square-foot Etchandy Industrial was financed for $5.8 million. The loan-to-value ratio was less than 25 percent and the loan-to-land value was below 50 percent.
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