SAN FRANCISCO—NorthMarq Capital's San Francisco regional office has arranged two transactions with a CMBS lender, totaling $35 million for Shadelands Storage and Alcoa Exchange Retail Center.
Dennis Williams, managing director and Brian Esquivel, assistant vice president of the San Franciso office executed the deals.
Shadelands Storage isa 1,199 unit self-storage property is located at 1925 Oak Grove Road in Walnut Creek, CA. The refinance totaled $19.2 million and was structured with a 10-year term and 30-year amortization schedule with 3-years interest only.
“The lender provided a quick and efficient refinance with attractive terms for this stabilized Class A asset,” said Williams.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
