December 20, 2013

NorthMarq Capital arranges $16.64 million acquisition financing for Clocktower Apartments in Beaverton, Oregon

Clocktower Apts

Debt & Equity

Multi-Tenant

PHOENIX – NorthMarq Capital's Phoenix-based regional office, provided acquisition financing of $16.64 million for Clocktower Apartments, a 195-unit multifamily apartment complex located 11600 SW 147th Terrace, Beaverton, Oregon. NorthMarq Capital funded this financing for the borrower through its FHLMC seller/servicer platform. “NorthMarq financed the adjacent property with Freddie Mac 12 months earlier,” said Kinser. “To accommodate the joining of the two properties, NorthMarq and Freddie Mac worked with the borrower to allow the joint operation and branding of both properties.”

Available Multifamily properties

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.