NorthMarq Capital Opens New Office in Seattle
Opening marks second new West Coast office in 60
days
SEATTLE (May 7, 2009) — Just 60 days after adding
a new office in San Diego, NorthMarq Capital has
opened another new production office, this one in
Seattle, Wash. NorthMarq, one of the largest
privately owned commercial real estate mortgage
banking companies in the U.S., continues to expand
in the face of the severe market conditions
affecting the industry.
“We see this as a golden opportunity for a
private company like ours, with stable financial
underpinnings, to enhance our market position in an
era of challenging business conditions,” stated
Ed
Padilla, CEO. “We intend to come out of this
recession with a stronger company. We are thrilled
at the opportunity to add three solid producers in a
strong geographic market like the Pacific
Northwest.”
The Seattle office will be staffed by seven
former executives of Capmark Financial Group, Inc.,
including Ron Peterson, Bob Spiro and Stuart Oswald.
For the past 24 years, Peterson has originated
multifamily and commercial real estate loans with
Freddie Mac and Fannie Mae, banks, life insurance
companies and conduits.
Spiro has originated debt and equity for 26 years
with life companies, agencies, banks and HUD.
Oswald has arranged financing for life insurance
companies, banks, conduits, Fannie Mae, Freddie Mac
and FHA/HUD for 15 years.
About NorthMarq
NorthMarq offers a full range of commercial real
estate solutions across the country from its
headquarters in Minneapolis, Minn. The NorthMarq
Capital group offers commercial real estate
investment banking, investment services, real estate
debt and equity financing, and commercial loan
servicing in 32 offices coast-to-coast. Its
commercial real estate loan servicing portfolio
totals more than $38 billion. NorthMarq Corporate
Solutions works nationally with mid-sized corporate
users to manage their real estate needs. NorthMarq
Real Estate Services provides brokerage, property
management and healthcare real estate advisory
services to investors and space users. For more
information, please visit www.northmarq.com.
Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com
David Dozier
The Dozier Company
214.744.2800