Hospitality
Debt & Equity

NorthMarq's Seattle office arranges $10.5 million refinance for Bellwether Hotel in Bellingham, Washington

SEATTLE (April 16, 2014) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle-based regional office, arranged the $10.5 million refinance for the Bellwether Hotel located in Bellingham, Washington. The transaction was structured with a 10-year term and 27-year amortization and was arranged by Northmarq on behalf of the borrower through its relationship with a CMBS lender. The hotel is located on Bellingham Bay in a planned commercial development called Bellwether on the Bay. The upscale mixed use development includes the hotel as well as office buildings, a park, promenade and restaurants. The hotel also has a 250 ft. dock for guest boat moorage.

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: www.northmarq.com.

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Bellwether Hotel
Debt
$10,500,000