NorthMarq Capital’s San Francisco office secures $5.675 million refinance of Schafer Park in Hayward, California
Schafer Park
SAN FRANCISCO (February 11, 2016) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco office, arranged the $5.675 million refinance of Schafer Park, a 38,513 sq. ft. retail property located at 410-458 West Harder Road in Hayward, California. The transaction was structured with a fully amortizing 18-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Grocery Outlet represents the property’s major tenant. “The life company lender provided a quick and efficient refinance on attractive terms for this grocery anchored retail center in the East Bay city of Hayward,” 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.
