**Northmarq Secures $52M Refinance for MCA Freeway Industrial Park in Riverside**
Northmarq’s Newport Beach Debt + Equity team, led by Scott Botsford and Joe Giordani, has successfully secured $52 million in financing for MCA Freeway Industrial Park in Riverside. The refinancing was arranged through Northmarq’s correspondent life insurance company network on behalf of MCA Realty. Northmarq originated and will service the loan.
The transaction was structured with a sub-6% fixed-rate, a five-year term, partial interest-only payments, and a significant cash-out component. Botsford highlighted the strength of the deal, stating, “Our team was really excited about this execution. The combination of proceeds, spread, interest-only terms, and a par lender structure just felt like an all-around great loan for our client.”
MCA Freeway Industrial Park, located at 1600-2060 Chicago Ave. and 1614-1616 Marlborough Ave., consists of 17 buildings totaling 481,201 square feet. Northmarq noted that the property offers excellent freeway access and is leased to a diverse mix of 120 tenants. Suite sizes within the park range from 1,075 to 23,477 square feet.
