{"id":1004392046,"date":"2020-02-18T05:35:52","date_gmt":"2020-02-18T13:35:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004392046"},"modified":"2020-02-18T05:35:52","modified_gmt":"2020-02-18T13:35:52","slug":"northmarq-arranges-refi-for-bay-area-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/","title":{"rendered":"NorthMarq Arranges Refi for Bay Area Industrial Asset"},"content":{"rendered":"<div id=\"attachment_1004392055\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004392055\" data-attachment-id=\"1004392055\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/2345-s-watney-way\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2345 S. Watney Way\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2345 S. Watney Way&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg?w=640\" class=\"wp-image-1004392055 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004392055\" class=\"wp-caption-text\">2345 S. Watney Way<\/p><\/div>\n<p>NorthMarq has arranged $5 million in refinancing for Watney Industrial, a 100,460-square-foot building in Fairfield, Calif. The industrial property received a 10-year loan from Nationwide Life Insurance Co., according to Solano County records. The mortgage carries a&nbsp;25-year amortization schedule.<\/p>\n<p>Completed in 1985, the single-tenant facility underwent cosmetic renovations in 2017, according to Yardi Matrix. Watney Industrial&nbsp;features 16 dock high doors, dock levelers and bumpers, a truck court, 25-27 foot clear height and grade-level loading. Further features include fire sprinklers, skylights, exhaust fans and insulated ceilings. The building has a parking ratio of 1.4 spaces per 1,000 square feet, Yardi Matrix shows.<\/p>\n<p>Located at 2345 S. Watney Way, on 5 acres, the property is in the proximity of Highway 12 and Interstate 80. The facility is 3 miles from Suisun-Fairfield train station and the city center, while Napa County Airport is 18 miles away.<\/p>\n<p>Ory Schwartz, senior vice president &amp; managing director at NorthMarq\u2019s Los Angeles office, arranged&nbsp;the financing. In June 2019, Schwartz secured a <a href=\"https:\/\/www.commercialsearch.com\/news\/norcal-industrial-building-receives-13m-refi\/\">$13 million loan<\/a> for a 348,500-square-foot facility, which is right next to Watney Industrial.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ory Schwartz secured the long-term loan, which carries a 25-year amortization schedule.<\/p>\n","protected":false},"author":868,"featured_media":1004392055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,15],"tags":[33583,34291,45986],"class_list":["post-1004392046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-west","tag-nationwide-life-insurance-company","tag-northmarq-capital","tag-ory-schwartz"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NorthMarq Arranges Refi for Bay Area Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthMarq Arranges Refi for Bay Area Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Ory Schwartz secured the long-term loan, which carries a 25-year amortization schedule.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-18T13:35:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/\",\"name\":\"NorthMarq Arranges Refi for Bay Area Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\",\"datePublished\":\"2020-02-18T13:35:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-refi-for-bay-area-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2345-S.-Watney-Way.jpg\",\"width\":640,\"height\":512,\"caption\":\"2345 S. 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