March 19, 2014

NorthMarq Capital arranges $28 million acquisition loan for Rafael Town Center in San Rafael, California

Rafael Town Center

Debt & Equity

Multi-Tenant

SAN FRANCISCO (March 19, 2014) – Dennis Williams, managing director and Brian Esquivel, assistant vice president of NorthMarq Capital's San Francisco-based regional office, arranged a $28 million loan for the acquisition of Rafael Town Center, a 113 apartment unit mixed-use property that includes both office and retail space. The trophy mixed-use asset is located in downtown San Rafael in Marin County, California. The transaction was structured with a 7-year fixed rate interest only loan and was arranged for the borrower through NorthMarq’s correspondent relationship with a life insurance company. “The quality of the asset and the strength of the sponsorship led to a market leading loan on a property with many variable components,” said Williams.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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