Northmarq announces $11M refinance of University of California Berkeley’s Stadium Garage and Maxwell Family Field

Maxwell Garage
Debt & Equity
Other
Debt
Other
parking garage

SAN FRANCISCO (Aug. 20, 2024) — Northmarq’s San Francisco Debt + Equity team arranged $11 million in financing for Stadium Garage and Maxwell Family Field located at 2175 Gayley Rd. in Berkeley, California. The Northmarq team was led by Senior Vice Presidents Briana DeHaan and Dan Baker with support from Andrew Deaver.  

“This is a critical parking garage on University of California (UC) Berkeley’s campus,” said DeHaan. “The lender dug in early to understand the supply/demand economics for parking around UC Berkeley and offered attractive fixed-rate financing on this leasehold asset.” 

The Northmarq team secured a 3-year fixed-rate loan through a pension fund relationship. 

Stadium Garage is a 138,000-sq.-ft. parking garage, comprised of a two-level parking structure with 439 parking spaces and a rooftop sports field. The property is adjacent to UC Berkeley’s Memorial Stadium, the Greek Theatre and the Haas School of Business. 

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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.
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