NorthMarq Capital’s San Francisco office arranges $2.2 million acquisition financing for 1045 Cabrillo in San Francisco, California
SAN FRANCISCO (January 11, 2018) – Dennis Sidbury, senior vice president/senior director of NorthMarq Capital’s San Francisco regional office, negotiated acquisition financing of $2,200,000 for 1045 Cabrillo St., a 6-unit multifamily property located in San Francisco, California. The property is newly remodeled and located in the heart of the Inner Richmond district. The transaction was structured as a 3-year interest only loan. NorthMarq arranged financing for the borrower, Half Dome Capital, through its relationship with the lender, First Foundation Bank. “This was a tremendous value-add opportunity for the borrower on an asset situated in an incredibly strong submarket,” noted Sidbury. “The financing facilitated the acquisition and allowed for the addition of multiple units that will further enhance the property's cash flow.”
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.
