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$24,000,000

For Mixed-Use Condo Development
in Palo Alto, CA

Property Type: Mixed

Transaction Contacts

  • Jeff Wilcox
    San Francisco Office
    (415) 956-7600

  • Charles Kokernak
    San Francisco Office
    (415) 956-7600

  • Michael Heagerty
    San Francisco Office
    (415) 956-7600

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Mixed

“Lenders in general are still wary of condominium development despite the strength in the current market. The 2008 downturn has made “condos” a four letter word and it is tough to shake that stigma. The strong location within Palo Alto and the borrower’s track record of successful development played a large part in securing the financing. It will be a great pleasure to watch the building come out of the ground over the next 12 months.”
-Jeff Wilcox, Principal of Newmark Realty Capital, Inc.

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