Retail - Debt

Northmarq arranges $29 million bridge loan for big box retail property in San Francisco, California

LOS ANGELES, CALIFORNIA (October 21, 2021) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office negotiated a $29 million bridge loan for a 130,506 sq. ft. big box retail property (built in 2008). The property is located at 720 Dubuque Avenue in San Francisco, California and sits on a 10.16 acre site. The transaction was structured with a 4-year term on a 25-year amortization schedule. Northmarq secured the bridge loan for the borrower through its correspondent relationship with a life insurance company. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.