Arranges $22.2 Million in financing for 735 St. Clair Apartments in Portland, Oregon

735 St. Clair Apts
SEATTLE (November 12, 2014) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office arranged $22.2 million in financing for 735 St. Clair Apartments, a 212 unit apartment high rise located in Portland, Oregon. The development includes a 23-story, multi-family residential building with 212 apartment units and one commercial space with a net rentable area of 152,560 sq. ft. A three story parking garage is attached to the north side of the residential tower. The loan proceeds paid off an existing Freddie Mac loan one year prior to maturity and provided substantial cash out which will be used to renovate the property. The owner is spending over $20,000/unit on the renovation. Financing was structured with a 60% LTV, 30 year amortization and a 10 year term. Northmarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

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