NorthMarq’s Newport Beach office secures $16 million refinance of Deer Creek Apartments in Spokane, Washington
Deer Creek Apts
NEWPORT BEACH, CALIFORNIA (June 10, 2021) – Scott Botsford, vice president of NorthMarq’s Newport Beach office, negotiated the $16 million refinance of Deer Creek Apartments. The 272,781 sq. ft./156-unit multifamily property is located in Spokane, Washington. The transaction was structured with a 10-year term with 6-years of interest only followed by a 30-year amortization schedule. NorthMarq finalized the permanent-fixed loan for the borrower through its in-house Fannie Mae team.
Please contact Scott Botsford, Vice President for more details.
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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.
