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California  + San Diego  + Office  | 

NorthMarq Capital Arranges $25M Bridge Loan for Oberlin Tech

NorthMarq Capital arranged the $25.15 million refinance for Oberlin Tech, a 105,565-square-foot life science and office property located at 5555, 5601, 5626 and 5627 Oberlin Drive in San Diego. The borrowers were Birmingham, AL-based Harbert Management Corporation, and San Diego-based Cypress Office Properties.

NorthMarq Capital’s Dennis Williams and Briana Harney structured the transaction with a 2-year interest-only term through its relationship with a bridge/mezzanine lender.

“HMC and Cypress acquired Oberlin Tech in 2016, and have successfully repositioned the property to primarily life sciences uses,” explained Williams. “The new loan allowed the borrower to refinance their existing debt on the property, and will fund current and future capital expenditures, ultimately enabling the borrower to complete their business plan.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing