Northmarq’s Los Angeles Debt + Equity team has arranged permanent financing for a three-property flex and industrial portfolio in the Los Angeles metro area. Led by Zalmi Klyne and Stanley Chu, the team secured a $6.1 million loan backed by a collection of single-tenant assets located in Van Nuys. The capital was placed through Northmarq’s correspondent relationship with a life insurance company.
The financing was structured as a ten-year loan, providing long-term debt for the unnamed borrower. While the lender was not disclosed, the life company execution reflects the use of insurance capital for stabilized industrial properties in an established infill location. Northmarq acted on behalf of the borrower in sourcing and arranging the loan.
The portfolio comprises three separate properties with flex and showroom capabilities. The asset at 14943 Califa St. is a single-tenant industrial flex and showroom building originally constructed in 1955. It sits on a 0.33-acre site and is configured as a one-story structure that can support showroom, warehouse, and light manufacturing functions, according to Northmarq’s description.
The second property in the portfolio, 15044 Keswick St., is a single-tenant industrial flex and showroom asset built in 1969. It occupies a 1.48-acre site, offering a larger land footprint within the same Van Nuys industrial node. Specific building square footage and interior configuration details were not disclosed in the announcement.
The third property, located at 14932 Oxnard St., is a single-tenant industrial facility situated on approximately 0.65 acres. The property is described as industrial rather than flex or showroom space, differentiating it slightly from the other two assets in the portfolio while still aligning with light industrial and warehouse use.
Together, the three buildings benefit from their positioning in Van Nuys, within the San Fernando Valley. The area is characterized in the announcement as one of Southern California’s most established infill industrial markets, which supports both showroom and light industrial demand. The refinancing extends the portfolio’s existing capital stack with long-term, permanent debt while keeping the focus on single-tenant industrial and flex uses in a mature, supply-constrained submarket.
