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LOS ANGELES-NorthMarq’s regional office here has arranged refinancing worth $40.5 million for two multifamily properties in the state.

Ory Schwartz, SVP and senior director of the Los Angeles regional office of NorthMarq, arranged first mortgage refinancing of $17.7 million for Austin Commons Apartments in Hayward and $22.8 million for Gateway Apartments of San Leandro. Austin Commons is a 208-unit, market-rate multifamily property located at 50 Austin Avenue in Hayward. Gateway Apartments is a 236-unit, primarily market-rate property located at 902 Davis Street in San Leandro.

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