NorthMarq Capital Finalizes $5.1MM Refinance of 6850 Stevenson Blvd In San Francisco

SAN FRANCISCO – Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco office finalized the $5.1 million refinance of a 143,340 sq.ft. industrial property located at 6850 Stevenson Boulevard in San Francisco, California. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“The financing enabled the borrower to secure a long-term loan at an attractive rate. The borrower reduced the rate on their existing debt by 175 basis points for 15 years,” explained Williams.

About NorthMarq Capital
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.

West Coast Commercial Real Estate News