SAN FRANCISCO (December 13, 2016) – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco-based regional office, arranged the $4.79 million refinance of Acoma Court Apartments, a 21-unit multifamily property located at 1301 Prentice Drive in Healdsburg, California. The transaction was structured with a 5-year hybrid term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
“The bank lender provided an attractive rate and maximized proceeds, resulting in a transaction that satisfied the borrower’s needs,” said Williams.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in more than $12 billion in annual production volume and a loan portfolio of more than $47 billion. For more information please visit www.northmarq.com.