PLEASANT HILL, CA—NorthMarq has arranged a $15 million refinance of Crossroads Shopping Center, a 92,500 square-foot retail property located at 2316 Monument Boulevard.
The transaction was structured with a 20-year term fully amortizing loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The life company provided a very attractive rate and a smooth execution on this 20-year fixed rate financing,” said Dennis Williams, managing director of NorthMarq Capital's San Francisco-based regional office, who executed the loan.
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