NorthMarq Capital’s San Francisco office negotiates $4.79 million refinance of Acoma Court Apartments in Healdsburg, California
Acoma Court Apts
SAN FRANCISCO (December 13, 2016) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco-based regional office, arranged the $4.79 million refinance of Acoma Court Apartments, a 21-unit multifamily property located at 1301 Prentice Drive in Healdsburg, California. The transaction was structured with a 5-year hybrid term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“The bank lender provided an attractive rate and maximized proceeds, resulting in a transaction that satisfied the borrower’s needs,” said Williams.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
