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SAN RAFAEL, CALIF. – Rafael Town Center, a mixed-use development in San Rafael that includes multifamily, office and retail space, has received $28 million in acquisition financing. The trophy asset is located at 1050 Court Street in the city’s downtown region. The development includes 113 apartment units, more than 40,000 square feet of flexible office space, and ground-floor retailers, including Coldstone Creamery, Opus Bank and Lime Wireless (Verizon).
The seven-year, fixed-rate, interest-only loan was provided by Dennis Williams and Brian Esquivel of NorthMarq Capital through the firm’s correspondent relationship with a life company.