MARIN COUNTY - The Macerich Company took on $160 million in financing at two of its North Bay properties.

An $80 million three-year construction loan was arranged for the previously unencumbered Northgate Mall with an interest rate of Libor plus 4 percent.  An $80 million seven-year loan at a fixed-rate of 7.2 percent paid off the maturing $63 million loan at the Village of Corte Madera.