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.