Arranged $12.555 Million Mortgage for Avanti Apartments in Seattle, Washington
Avanti Apts
SEATTLE (May 23, 2013) – Ron Peterson, senior vice president/managing director of NorthMarq’s Seattle Regional office arranged first mortgage refinancing of $12.555 million for Avanti Apartments, a 93-unit, market-rate multifamily property located at 1401 Boren Avenue in Seattle, Washington. Financing was based on a 10-year interest-only term at 60 percent LTV. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.
About Northmarq
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.
