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FULLERTON, CALIF. — NorthMarq has arranged $10 million in refinancing for Lambert Industrial, a two-building industrial property in Fullerton.
The permanent, fixed-rate loan was structured with a 10-year term on a 30-year amortization schedule. Daniel McCarthy and Michael Elmore of NorthMarq’s Newport Beach, Calif., office secured the loan for the undisclosed borrower through a national bank.
Totaling 87,652 square feet, the properties are a 45,761-square-foot building at 150 Lambert and a 41,891-square-foot asset at 110 Lambert.