NorthMarq Capital’s San Francisco office negotiates $4.79 million refinance of Acoma Court Apartments in Healdsburg, California
Acoma Court Apts
SAN FRANCISCO (December 13, 2016) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco-based regional office, arranged the $4.79 million refinance of Acoma Court Apartments, a 21-unit multifamily property located at 1301 Prentice Drive in Healdsburg, California. The transaction was structured with a 5-year hybrid term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“The bank lender provided an attractive rate and maximized proceeds, resulting in a transaction that satisfied the borrower’s needs,” 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.
