NorthMarq Capital’s Seattle office arranges refinancing of $21.85 million for SAMM Apartments in Sammamish, Washington

SEATTLE (February 12, 2018) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, originated a $21,850,000 take out loan for the SAMM Apartments, a 92-unit multifamily property located in Sammamish, Washington. The complex has a modern design with open floor plans and is located in an affluent bedroom community to Bellevue and Seattle. The transaction was structured with a 15-year term on a 30-year amortization schedule, with 1 year interest only. The structure allowed the owner, an investment group which includes Sealevel Properties and a local investor, to close well before the property achieved stabilized occupancy. NorthMarq arranged financing for the borrower through a correspondent life company.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S, provides debt, equity and commercial loan servicing through offices across the U.S. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company services a loan portfolio of more than $52 billion and has over 300 loan origination experts in regional offices coast-to-coast. For more information please visit