NorthMarq Arranges $10M Financing

Strata Equity Group, Inc. secured a $10,312,000 mortgage for the acquisition of the High Desert Villas, a senior-living community complex at 16850 Jasmine St. in Victorville, CA. Daniel McCarthy of NorthMarq's Los Angeles office arranged the financing through Freddie Mac. The loan was based on a 10-year term and a 30-year amortization schedule after a two-year, interest-only period. Built in 1990, the multifamily property totals 123,267 square...



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