Senior Housing - Debt

NorthMarq Capital’s Seattle office arranged $10 million refinance of Garden Court Retirement Community in Everett, Washington

SEATTLE (August 1, 2015) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office arranged the $10 million refinance of Garden Court Retirement Community, a 148 unit senior housing property located at 520 112th Avenue West in Everett, Washington. The transaction was structured with a fully amortized 15-year term. NorthMarq arranged financing for the borrower through its relationship with a life insurance company.

“This AL/IL community is a well-run owner operated facility in Everett which has maintained a great reputation since opening in 2004” said Oswald. “We also arranged financing for this property 10 years ago and are pleased to have had another opportunity to work with this client.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.