Retail

NorthMarq's Los Angeles office secures $35 million refinance of Plaza at Gale Ranch in San Ramon, California

LOS ANGELES (February 15, 2017) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office, arranged the $35 million refinance off Plaza at Gale Ranch, a 122,559 sq. ft. retail property located at 11000-11060 Bollinger Canyon Road in San Ramon, California. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Safeway represents the property’s major tenant.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.