SAN FRANSCISCO (May 13, 2015) – Dennis Williams, managing director of NorthMarq Capital’s San Francisco based regional office arranged the $60 million acquisition financing/pre-paid ground lease of UCSF Laurel Heights Office Campus, a 363,000 sq.ft. office property located at 3333 California Street in San Francisco, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. UCSF represents the property’s major tenant.
“This was an acquisition of a 99-year leasehold interest for potential residential development,” said Williams.