Northmarq arranges $29 million bridge loan for big box retail property in San Francisco, California
LOS ANGELES, CALIFORNIA (October 21, 2021) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office negotiated a $29 million bridge loan for a 130,506 sq. ft. big box retail property (built in 2008). The property is located at 720 Dubuque Avenue in San Francisco, California and sits on a 10.16 acre site. The transaction was structured with a 4-year term on a 25-year amortization schedule. Northmarq secured the bridge loan for the borrower through its correspondent relationship with a life insurance company.
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