NorthMarq Capital’s San Francisco office arranges $70+ million refinance for an Apartment Project in Silicon Valley
Apartment Project
SAN FRANCISCO (July 25, 2016) – John Kerslake, senior director and Andrew Slaton, vice president of NorthMarq Capital’s San Francisco-based regional office, arranged a $70+ million refinance for a mixed-use property located in in Silicon Valley, California. The recently completed property required a short-term bridge loan and was structured with an interest-only feature. The lender was able to maximize proceeds while providing a flexible structure tailored to the borrower's strategy for the property. NorthMarq arranged financing for the borrower through a life insurance company relationship.
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.
