Northmarq arranges $13.1 million refinance for Aspen Glade Apartments in Enumclaw, WA

Aspen Glade Apts
Debt & Equity
Multifamily
Debt
Permanent Loan - Fixed
Fannie Mae
Fannie Mae/FHA
Multifamily community located in Enumclaw, Washington

ENUMCLAW, Wash. (Oct. 30, 2024) — Northmarq’s Seattle Debt + Equity team led by Robert Spiro secured a $13.15 million refinance of Aspen Glade Apartments, a multifamily community located at 750 Watson St. N. in Enumclaw, Washington.

Northmarq arranged the financing through the firm’s Fannie Mae delegated underwriting program.

“FNMA retired a loan they had on their books with an extremely competitive rate," Spiro said.

Aspen Glade Apartments are nestled on the edge of Enumclaw with convenient access to Highway 410, offering a blend of comfort and tranquility just 45 miles from downtown Seattle and 50 miles from Mount Ranier. The pet-friendly property also features units with a patio, full-size washer/dryer, fireplace and more. Community amenities include a seasonal swimming pool, park-like courtyard, community room with Wi-Fi, and a fitness center.
 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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