Northmarq Arranges $24M Loan on Fremont City Center Multifamily Community Near San Francisco

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Fremont City Center
Fremont City Center is located at 39867 Fremont Boulevard in Fremont, California near the San Francisco Bay Area.

Northmarq’s San Francisco Debt + Equity team arranged $23.9 million in financing for the purchase of Fremont City Center, a 122-unit garden-style apartment community in Fremont.

The team was led by managing director Nate Prouty and SVP Briana DeHaan, with support from Andrew Deaver. The financing was arranged on behalf of the borrower through Northmarq’s Optigo status as a Freddie Mac lender. The asset is professionally managed by Greystar.

“This fixed rate permanent loan will enable new ownership to focus on the business plan at the property and offer a high-quality community to residents in Fremont,” said DeHaan. “Despite volatility in the capital markets, all parties worked diligently to close the acquisition, resulting in a great transaction at the end of the day.”

Fremont City Center is situated on 5.21 acres and features ample community amenity space and parking.  It was constructed in 1970 and was extensively renovated between 2020-2023.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. We offer clients the ideal combination of a strong national company capable of attracting a wide range of capital sources, a personalized approach to buying and selling multifamily properties, exceptional knowledge of local markets, and a robust loan servicing operation to manage the life of your loan.