NorthMarq Capital’s San Francisco office arranges $70+ million refinance for an Apartment Project in Silicon Valley
Apartment Project
SAN FRANCISCO (July 25, 2016) – John Kerslake, senior director and Andrew Slaton, vice president of NorthMarq Capital’s San Francisco-based regional office, arranged a $70+ million refinance for a mixed-use property located in in Silicon Valley, California. The recently completed property required a short-term bridge loan and was structured with an interest-only feature. The lender was able to maximize proceeds while providing a flexible structure tailored to the borrower's strategy for the property. NorthMarq arranged financing for the borrower through a life insurance company relationship.
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.
