NorthMarq Capital’s Seattle office arranges refinancing of $23.227 million for Chateau Woods Apartments in Woodinville, Washington
Chateau Woods Apts
SEATTLE (January 5, 2018) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, arranged a loan of $23,227,000 for the Chateau Woods Apartments, a 114-unit multifamily property located in Woodinville, Washington and owned by Walt Bowen of BPM Real Estate Group. Chateau Woods was built in 2008 and offers a variety of amenities and floor plans. The transaction was structured with a 10-year term with 5 years interest only followed by a 30 year amortization. NorthMarq arranged financing for the borrower through its Fannie Mae/DUS division. The loan closed five weeks after execution of the loan application.
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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.
