NorthMarq Capital arranged $32 million construction loan for Field House Apartments in San Mateo, California
Field House Apts
SAN FRANCISCO (July 1, 2013) – Dennis M. Williams, managing director of NorthMarq’s San Francisco-based regional office, arranged a construction loan of $32 million for Field House Apartments located at 2889 East Kyne Street in San Mateo, California. This asset is a multifamily apartment project containing 108 market-rate units. It is the first apartment development built in Phase II of the master-planned community known as Bay Meadows. Financing was based on a 36-month interest-only term and was arranged for the borrower by NorthMarq through its relationship with a regional bank. “The lender provided attractive construction loan terms including a flexible loan amount with attractive pricing,” Williams said.
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.
