February 20, 2013

NorthMarq Capital arranged $19.375 million mortgage for Valley Plaza Villages in Pleasanton, California

Valley Plaza Villages

Debt & Equity

Multi-Tenant

SAN FRANCISCO (February 20, 2013) – Jeffrey Weidell, assisted by Brian Esquivel, of NorthMarq’s San Francisco regional office, arranged first mortgage refinancing of $19.375 million for Valley Plaza Villages, a 144-unit market-rate multifamily community located at 4411 Valley Avenue in Pleasanton, California. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, E&S Ring, through its relationship with a correspondent life insurance company. “We negotiated prepayment and a loan increase with the existing lender based on strong property history,” said Weidell. “The borrower was able to achieve cash out and the lender was able to retain a quality loan due to a structured prepayment and refinance of the existing debt.”

Available Multifamily properties

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.