NorthMarq Capital’s San Francisco office secures $5.15 million refinance of 143,340 sq.ft. industrial property in Fremont, California
6850 Stevenson Boulevard
SAN FRANCISCO (November 16, 2015) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco office finalized the $5.1 million refinance of a 143,340 sq.ft. industrial property located at 6850 Stevenson Boulevard in San Francisco, 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 financing enabled the borrower to secure a long-term loan at an attractive rate. The borrower reduced the rate on their existing debt by 175 basis points for 15 years,” explained 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.
