Retail - Debt

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 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.