NorthMarq Capital finalizes acquisition financing/pre-paid ground lease of $60 million for UCSF Laurel Heights Office Campus in San Francisco
UCSF Laurel Heights Office Campus
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.
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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.
