NorthMarq Capital’s San Francisco office arranges $4 million refinance of a 66,000 sq.ft. office property in San Jose, California
950 South Bascom Avenue
SAN FRANCISCO (November 16, 2015) – Dennis Williams, senior vice president and managing director of NorthMarq Capital’s San Francisco office arranged the $4 million refinance of a 65,949 sq.ft. office property located at 950 South Bascom Avenue in San Jose, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Built in 1985, this three-story class “B” office building provides flexible floor plans for multiple tenants and offers both street-level and below grade parking. Conveniently located between Interstate 880 and 280, the property offers excellent access to the entire Silicon Valley market. “The life company lender provided a quick and efficient refinance on attractive terms for this stabilized Silicon Valley 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.
