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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
