Q10 | Westcap & Cohen Financial, today announced that they have secured $26 million to refinance the Woodlark Residences located at 965 Magnolia Avenue in Larkspur, California within the heart of Marin County. Woodlark Residences features 80 one and two-bedroom apartment units across 11 buildings.
Stephan Coste, VP Production with Q10 | Westcap and manages their Los Angeles office, originated the loan with Sun Life Financial and collaborated in the placement of the fixed-rate loan refinance with Kenneth M. Fox, CCIM, Managing Director with Cohen Financial in their San Francisco office. Sun Life Financial, an exclusive correspondent lender represented by Q10 | Westcap in Southern California and Cohen Financial in Northern California. The borrower, California Landmark Group (CLG), is a fully integrated development and investment company formed in 1988 that acquires, rehabilitates and develops real estate throughout California. The transaction closed July 1, 2016. The transaction closed July 1, 2016.