“David B. Norton Inc. was able to quickly step into an immediate need for a quick closing of a bridge loan for the acquisition of an office property. David’s firm was able to identify a lender who closed within 10 days of taking on the bridge loan assignment, thus enabling us to meet our aggressive closing timeline and allowing us to focus on other aspects of our business plan.”
Eli Glanz, Managing Director
Waterway Family Funds LLC
“I was introduced to David B. Norton Inc. as a resource to provide needed creative financing solutions for my large development project outside of Memphis. The firm was able to quickly identify a bridge lender as a first step to the long-term multi-phase development of the property. The bridge loan successfully replaced the existing debt on the property and provided the infrastructure funding we needed to move forward toward vertical development. We are now working with David’s firm to obtain capital for the vertical improvements for our first phase.”
Yehuda Netanel, President
Gilad Development Inc.
"I very happy that David B. Norton Inc. was able to secure a loan for the recent acquisition of an industrial property for our portfolio. David has been working with my family for many years, and this loan provided extremely favorable terms for our long term ownership of the property. David’s firm was very helpful in guiding us through every step of the loan sourcing, underwriting, and closing process. We look forward to working with David and Lew in the future as we continue to expand our portfolio.”
Rachel Allenstein Serrano, President
JR Family Properties
“David’s firm was integral in the refinancing of a very complex, multiple property portfolio. Their attention to our program and timeline was key to the successful completion of the transaction."
Ken Franasiak, Chairman & CEO
"I have been working with David Norton for a number of years. Recently David and his firm was able to provide my company with a construction loan for my multifamily development in San Antonio. David was able to identify a good partner bank who worked with us to make terms that worked for us. Dealing with the new required banking regulations definitely added a new layer of difficulty to the loan process; however, David was there to help guide the process through the closing. I certainly look forward to working with David and his firm in the future.”
John C. White, President
“I appreciated David and Lew’s ability to assist me with identifying a lender for my development project who was able to provide favorable terms and close. Their introduction to a new regional lender, who shares the same positive perspective on a new emerging Texas market, was instrumental in my ability to move forward with the project. I look forward to working with David B. Norton Inc. in the future.”
Ron Inscore, President
TR Inscore LLC
“I approached David B. Norton Inc. for their assistance to refinance the existing debt on my property. They were able to provide me several options for the refinance, ultimately providing me a loan which locks the property into a favorable interest rate for an extended period of time. I appreciated the efforts of Lew Gildred who diligently worked to facilitate the underwriting and closing process and ensured that our ultimate objectives were being met. I was duly impressed that they were able to quickly provide long-term value to my operations and I look forward to working with David B. Norton Inc. in the future.”
Ilan Israely, President
"David B. Norton Inc. completed the successful refinance of my office property. From start to finish the process took only 25 days. This new loan fits exactly my needs and positions my business for the long term. I appreciate that David’s firm took the time to underwrite the deal to ensure that the appraisal correctly captured the true value of the property, making the loan closing a more than seamless process.”
Mark Shepard, CEO
SCA Consulting Engineers
“David B. Norton Inc. was extremely effective in identifying the ideal partner for my transaction. My financing requirements were unlike any other with which I have participated in my long real estate career. The deal was severely restricted by an ongoing eminent domain process and the lack of an appraised valuation. David B. Norton Inc. delivered a lender that could fit within the deal’s tight box and provide the necessary capital that we needed to move forward. Overall, the capital structure that David’s firm arranged has now allowed us to be ideally positioned to move forward with the next stage of our business.”
"I want to thank David Norton’s investment banking team for sourcing and closing the refinance of my Houston, Texas office building. The property was subject to a ground lease which we know many lenders have difficulty in underwriting, combined with a short fuse on a maturing acquisition loan. David Norton’s firm not only prepared a very complete underwriting package for the potential lender's review, his firm served as the primary point of contact in all the lender due diligence through closing, interfacing seamlessly with my asset management and property management staff. I look forward to working with David and his team on my next property financing."
Dr. Willis Pumphrey
"David Norton’s investment banking firm’s advisory and capital sourcing knowledge has been very instrumental to Lev Investments, Inc. The firm provided comprehensive services that allowed our company to achieve the most efficient level of funding needed for our recent real estate acquisition in New Braunfels, Texas. Combining a senior lender and a preferred equity investor with my company’s requirements always proves challenging in the deal structure. David’s firm excelled at tailoring the most efficient levels of funding, we appreciate their professionalism and attention to detail. We look forward to working with David's firm on more of our future financing requirements."
Lav Gabay, President,
Lev Investments, Inc.
“As a reflection of the crazy capital markets we continue to experience, both my long term lender and equity investor went into bankruptcy which allowed me to take advantage of significant discounts from these defunct lenders. Enter David Norton's firm. David’s firm was instrumental in helping me secure and close a preferred equity investment for my San Antonio multi-tenant office park. He selected an equity group that already had a relationship with my new senior lender and this proved critical in working thru inter-creditor requirements in a timely fashion. The preferred equity group also came to the table with funding for tenant improvements and leasing commissions so that the property can now thrive.
David Norton's firm put in countless hours to ensure that we met the date certain closing timelines required by the creditors of the bankrupt lender. With the new introduction of this new financial partner, the property is now well positioned for long term success. My company looks forward to working with David B Norton Inc. on future projects.”
Rick Rodriguez, Chairman and CEO
Magi Real Estate Services
"I am pleased to have recently completed another transaction with David Norton's investment banking firm. My first closing with David was back in 2000. Today, David Norton's firm successfully secured the acquisition financing that allowed my company to close on a significant portfolio of apartments in Houston Texas. The opportunity was complicated by a seller that required evidence of our ability to perform in a multiple offer environment, and also demanded a short closing timeline.
David Norton's firm excelled in satisfying all the seller's demands including the preparation of excellent investment summaries used by all the lenders and investors. The Norton team was available to us 7 days a week, and put in countless hours to ensure that everything closed by our deadline. We look forward to working with David's firm exclusively on all of our project financing requirements."
Barry Nussbaum, CEO
"During this intense economic period, David B. Norton Inc. was able to secure equity financing for three of our Houston office properties. This additional equity financing provided our company additional liquidity for our overall real estate portfolio. Despite the unprecedented focus on distressed deals and the general upheaval in the marketplace, David B. Norton Inc. was able to secure and close attractive financing for our company with a very established investment group. We look forward to working with David's firm on other projects we are involved in."
Sean Cummins, CEO
"David Norton completed a refinance on my 117,678 SF mixed use commercial property, containing both office and retail space, with an appropriate product when other lenders could not. I was working directly with other lenders who could not offer pricing and terms I could accept. Originally David arranged for a mezzanine tranche when I acquired the property 3 years ago. David kept in touch with me to offer assistance prior to loan maturities; his solution allowed for a major reduction in the current cost of debt, and provides for another step-down in rate as the property stabilizes. David's dogged determination kept the transaction moving through a speedy conclusion. I would use David Norton again."
Michael Chesser, President
Apartment Income Investors, Inc.
"David B. Norton's investment advisory/mortgage brokerage knowledge has been very instrumental to Crosswinds National LLC. David provided custom "one stop shop" services that allowed our company to achieve the most efficient level of funding needed for our real estate transactions. We were successful in obtaining $25MM in institutional capital to close a 20 acre vacant parcel of land including 2.3 acres of submerged land for the future development of a major downtown mixed use residential / commercial / marina project located in Jacksonville, Florida. We appreciate his professionalism and attention to detail. Our working relationship with David B. Norton, Inc. has proven to be quite successful."
Keith Kallen, Vice President & CFO and Amy L. Wess, Controller
Crosswinds National LLC
"David Norton asks the right questions and narrows down the potential lenders very quickly. David takes a realistic and practical approach to solving your financing needs, no matter how complex or challenging. My company recently used David B. Norton Inc. to obtain a $40MM loan for the acquisition and pre-development financing for the purchase of the Malibu County Club located in Malibu, California. The loan was based on future development value, not current net income. Our challenge was to obtain a firm financing commitment from an institutional lender in a very short period of time. David obtained the commitment on reasonable terms and the transaction closed on time. David stays personally involved every step of the way to insure that the task is completed on the agreed upon terms and timeline."
Thomas Hix, President
Hix Rubenstein Companies, Inc.
"David Norton has been instrumental in the arrangement for funding debt and equity instruments with regard to several real estate transactions this past year. Specifically, Mr. Norton arranged for a substantial equity investment for an urban infill residential condominium project from a private investor with a thirty day funding after 24 hours notice. In addition he arranged for, in that same time frame, an acquisition and development loan for closing and predevelopment expenses. Following the initial acquisition he arranged for the financing of two adjacent parcels with additional development loans and a third equity placement. In essence, through his efforts, the managing member was able to acquire $22 million of debt and equity financing in an extremely short period of time. Without his efforts the managing member could not have closed on the critical land parcels. His structured finance capabilities were outstanding, timely and highly professional. In two other major transactions Mr. Norton has brought two institutional joint venture development partners to the respective projects, these Joint Venture Partners, who are providing both debt and equity to the deal, were provided on a timely basis and have allowed the Managing Member to negotiate from a strong financial position thanks to Mr. Norton's introduction, structuring and continuing follow through. In addition Mr. Norton has been invaluable with refinancing efforts on our current portfolio. We consider him an important part of our strategy for current and future transactions."
Chapin Hunt Jr., Partner
"When you deal with David Norton, Inc, you deal with the David Norton, not another junior Partner. He knows how to dissect a deal for risk and profit, and he has top rated players for every deal. His track record speaks for itself. Its good to have him available to the Tishman team. Our deal for 21st Century Insurance in Woodland Hills was a home run for everybody. Thank you, David!"
Alan Levy, CEO
"Our track record with David Norton stretches back twenty years, and today, we still continue to work closely with his company. David has few peers in the industry that provide the tactile, day-to-day, assertive brand of professional services that we have come to expect and that he consistently delivers. I would unconditionally recommend the Real Estate Finance & Consulting Services of David B. Norton Inc."
Stephen Ben Terry, Chairman
Emerson International & International Development Group
"David walked into a very challenging task - an institutional Owner selling to an operating partner with various property types and credits under an aggressive timeline . . . instilling the confidence the deal would be completed as pledged all along the way, he delivered seamlessly."
Doug McDonald, Principal
"David has an uncanny way of quickly understanding the deal and how to structure it. He's extremely bright and never drops the ball from start to finish. We've always valued our relationship with him and his singular ability to understand our transactions and find meaningful solutions in the capital markets."
Richard Nathan, CEO
''I have worked closely with David Norton for 22 years. David provided $3ooMM of acquisition and refinance closings on Class A highrise office buildings and regional malls for my commercial mortgage brokerage company, Morse &Associates. Most recently David's full service, "one stop shop"real estate finance company has played a key role in providing equity for Morse Health & Housing multi-family acquisitions. David's background, experience and reputations as a "closer" is highly recommended."
Jonathan Morse, President
Morse Health & Housing
"David Norton came through for me when ''lender performance"was crucial. Subsequently, David and I have worked on several loan transactions and I have been very pleased with his services. I am looking forward to working with him on my next deal."
Kam Hekmat, President
''K. Young, and their development partner, was in the process of completing an 8o,ooo square foot retail center at a prime Waikiki location. One of the development partners parent company's financial conditions was significantly impaired causing an immediate cessation of funding by the construction lender. David Norton was able to bring in his investment company's capital to replace the insolvent partner and continue construction disbursements. David was able to deliver the new funding within five days following the first introduction to the problem. An initial contribution of $5oMM was increased by an additional $30 MM for the second phase of the property. This performance allowed this property to open on schedule. The property is now a landmark facility of Waikiki. The ability to swiftly attract and close financing pieces ofthis size is truly remarkable and an indicator of the talent David brings to his firm."
Warren Chew, CFO
K Young Group
"David structured an imaginative financing arrangement for our 400,000 square foot project, which carried us through a difficult time in the office building market."
Ken Ruby, President
Closed a $56,031,000 Construction Loan and Equity Investment (98.2% LTC) for the Construction of a 350-Unit Multifamily Development
Closed a $15,500,000 Preferred Equity Investment for the Acquisition of a 722-Unit, $140,800,000 Multifamily Portfolio
Closed a $48,500,000 (98.5% LTC) Construction Loan and Joint Venture Equity Investment for a 342-Unit Multifamily Development
Closed a $34,140,000 (86% LTC) Construction Loan and Preferred Equity Investment for a 306-Unit Multifamily Development
Closed a $39,260,000 (98.5% LTC) Construction Loan and Joint Venture Equity Investment for a 314-Unit Multifamily Development
Closed a $13,860,000 Construction Loan for the Development of 109 Townhome Units
Closed a $1,040,000 Senior Loan for a 0.12 Acre Parking Lot Property
Closed a $60,000,000 Construction Loan for the Development of a 200,000 SF Retail Center
Closed a $13,000,000 Acquisition Bridge Loan for an 84,000 SF Office Property
Closed a $6,000,000 Acquisition Permanent Loan for a 63,000 SF Industrial Property
Closed a $13,000,000 Acquisition Bridge Loan for an 84,000 SF Office Property
Closed a $6,000,000 Acquisition Permanent Loan for a 63,000 SF Industrial Property
David Norton - (615) 432-2064 / (310) 689-7375, firstname.lastname@example.org
Lew Gildred - (310) 689-7377, email@example.com