NorthMarq Capital arranges $28 million acquisition loan for Rafael Town Center in San Rafael, California
Rafael Town Center
SAN FRANCISCO (March 19, 2014) – Dennis Williams, managing director and Brian Esquivel, assistant vice president of NorthMarq Capital's San Francisco-based regional office, arranged a $28 million loan for the acquisition of Rafael Town Center, a 113 apartment unit mixed-use property that includes both office and retail space. The trophy mixed-use asset is located in downtown San Rafael in Marin County, California. The transaction was structured with a 7-year fixed rate interest only loan and was arranged for the borrower through NorthMarq’s correspondent relationship with a life insurance company. “The quality of the asset and the strength of the sponsorship led to a market leading loan on a property with many variable components,” said Williams.
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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.
