**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 arranged $52 million in financing for MCA Freeway Industrial Park in Riverside. The external refinance was secured through Northmarq’s correspondent life insurance company network on behalf of borrower MCA Realty. Northmarq both originated and will service the loan.
The transaction features a sub-6% fixed-rate, five-year term with partial interest-only payments and a significant cash-out component. Botsford expressed enthusiasm about 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 spanning a total of 481,201 square feet. The property is strategically positioned with excellent freeway access and is currently leased to a diverse mix of 120 tenants. Suite sizes range from 1,075 to 23,477 square feet.
