SAN FRANCISCO – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco based regional office arranged the $10 million refinance of Livermore Valley Shopping Center, a 78,377 sq.ft. retail property located at 1318-1588 Railroad Avenue in Livermore, 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. Dollar Tree, Fitness 19 and O’Reilly Auto Parts represent the property’s major tenants.
“The bank lender provided flexible, long-term financing under very attractive terms,” said Williams.
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 36 offices coast to coast. With more than $12 billion in annual production volume and servicing a loan portfolio of more than $45 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.