NorthMarq Capital’s San Francisco office arranges $4.3 million refinance of class “A” office property in Palo Alto, California
101 University Avenue
SAN FRANCISCO (December 1, 2015) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco office arranged the $4.3 million refinance of a 42,762 sq.ft. class “A” office asset located at 101 University Avenue in Palo Alto, California. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The life company lender offered unique, market leading terms for the borrower of this in-fill class “A” office asset,” said Williams.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
