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