NorthMarq Capital’s San Francisco office completes $15 million refinance of Crossroads Shopping Center
Crossroads Shopping Center
SAN FRANCISCO (December 23, 2014) – Dennis Williams, managing director of NorthMarq Capital’s San Francisco based regional office, arranged this $15 million refinance of Crossroads Shopping Center, a 92,500 sq.ft. retail property located at 2316 Monument Boulevard in Pleasant Hill, California. The transaction was structured with a 20-year term fully amortizing loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Tenants include Dick’s Sporting Goods and DSW Shoe Warehouse. “The life company provided a very attractive rate and a smooth execution on this 20-year fixed rate financing,” 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.
