Ron Peterson arranged $20.3 million mortgage for Columbia Trails Apartments in Gresham, Oregon
Columbia Trails Apts
SEATTLE (August 27, 2013) – Ron Peterson, senior vice president/managing director of NorthMarq’s Seattle regional office arranged first mortgage refinancing of $20.3 million for Columbia Trails Apartments, a 264-unit, market-rate multifamily property located at 1112 NW 15th Street in Gresham, Oregon. Financing for this low leveraged loan was based on a 10-year interest-only term. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.
About Northmarq
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.
