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Northmarq Structures $46M Refi for Pleasanton MultiFam Portfolio
Northmarq’s San Francisco office has secured the $46 million refinance of a three-property multifamily portfolio in Pleasanton, CA. The firm arranged the 10-year fixed rate loans with full interest-only terms on behalf of E&S Ring through its Fannie Mae DUS program.
The garden-style portfolio consists of three properties: Pleasanton Glen, Pleasanton Heights and Pleasanton Place comprising a total of 274 units. Each community includes a swimming pool and sundeck, BBQ and picnic areas, covered parking and a fitness center.
“We canvassed the full market across life companies, banks and agencies to secure our client an attractive loan. As a repeat borrower, E&S Ring was able to lock in a very competitive rate. We are pleased with our team’s swift execution in a market with a lot of uncertainty,” said Northmarq’s Senior VP Andrew Slaton who represented the borrower along with Managing Director Nathan Prouty.
Pictured: Pleasanton Glen
- ◦Financing
