NorthMarq Capital arranged $45.28 million mortgage for 1677 South Bascom Avenue in Campbell, California
1677 S. Bascom Avenue
SAN FRANCISCO (May 16, 2013) – John Kerslake, SVP/senior director of NorthMarq’s San Francisco-based regional office, arranged a low loan-to-value, non-recourse construction loan with a mini perm in the amount of $45.28 million for 1677 South Bascom Avenue in Campbell, California. This asset is a mixed-use apartment complex containing 168 market-rate multifamily units along with 15,000 sq. ft. of retail space. Financing was based on a 3-year interest-only term. NorthMarq arranged this financing for the borrower through its relationship with a regional bank.
About Northmarq
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.
