Northmarq Capital finalizes $16.5 million refinance for The Decatur Building in downtown Seattle, Washington
The Decatur Building
SEATTLE (December 29, 2014) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office negotiated the $16.5 million fixed rate, cash-out refinance of The Decatur Building, a 111,419 sq. ft. mixed-use property located at 1511 6th Avenue in Seattle, Washington. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Major office tenants include Synapse and Alibaba. Major retail tenants include Mario’s, Morton’s of Chicago and Bocz Salon.
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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.
