Retail (MT)
Debt & Equity

NorthMarq Capital’s San Francisco office completes $15 million refinance of Crossroads Shopping Center

SAN FRANCISCO (December 23, 2014) – Dennis Williams, managing director of NorthMarq Capital’s San Francisco based regional office, arranged this $15 million refinance of Crossroads Shopping Center, a 92,500 sq.ft. retail property located at 2316 Monument Boulevard in Pleasant Hill, California. The transaction was structured with a 20-year term fully amortizing loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Tenants include Dick’s Sporting Goods and DSW Shoe Warehouse. “The life company provided a very attractive rate and a smooth execution on this 20-year fixed rate financing,” said Williams.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Crossroads Shopping Center
Debt
$15,000,000