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California  + Bay Area  + Apartments  | 
Northmarq Structures $46M Refinance for Pleasanton Multifamily Portfolio

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

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Inside The Story

Northmarq San FranciscoE&S RingAndrew Slaton

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Financing
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