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