NorthMarq Capital’s Seattle office arranges refinancing of $23.227 million for Chateau Woods Apartments in Woodinville, Washington
SEATTLE (January 5, 2018) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, arranged a loan of $23,227,000 for the Chateau Woods Apartments, a 114-unit multifamily property located in Woodinville, Washington and owned by Walt Bowen of BPM Real Estate Group. Chateau Woods was built in 2008 and offers a variety of amenities and floor plans. The transaction was structured with a 10-year term with 5 years interest only followed by a 30 year amortization. NorthMarq arranged financing for the borrower through its Fannie Mae/DUS division. The loan closed five weeks after execution of the loan application.
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