NorthMarq Capital arranges $3.8 million mortgage for Park Saratoga in Saratoga, California
Park Saratoga
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.
Meet our team
About Northmarq
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.
