September 30, 2013

NorthMarq Capital arranges $3.8 million mortgage for Park Saratoga in Saratoga, California

Park Saratoga

Debt & Equity

Multi-Tenant

SAN FRANCISCO (September 30, 2013) – Dennis Williams, managing director of NorthMarq’s San Francisco-based regional office, arranged first mortgage refinancing of $3.8 million for Park Saratoga located at 12100 Saratoga Sunnyvale Road in Saratoga, California. This asset is an 18,208 sq. ft. unanchored retail center in an exceptional location within a high income neighborhood. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, K&S Realty, one of the largest property management firms in the East Bay, through its relationship with a correspondent life company lender. “The lender provided an attractive offering on a small unanchored retail property,” said Williams.

Available Retail (MT) properties

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.