Q10 | Westcap secures a $26M Refinance in Marin County
August 16, 2016
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.
Cohen Financial & Q10 | Westcap Secure A $26 Million Loan To Refinance A Multifamily Property In Marin County