NorthMarq’s Seattle office arranges $29.195 million refinance of Edition Apartments in Bothell, Washington
Edition Apts
SEATTLE, WASHINGTON (March 1, 2019) – Bob Spiro, senior vice president/managing director of NorthMarq’s Seattle regional office, secured the $29,195,000 refinance of Edition Apartments, a 135-unit multifamily property located at 18420 102nd Avenue NE in Bothell, Washington. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
“This loan was completed with the Fannie Mae near-stabilization execution,” noted Spiro. “We were able to lock rate and fund prior to stabilization.”
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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.
