August 1, 2015

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

Garden Court Retirement Community

Debt & Equity

Multi-Tenant

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.”

Available Senior / Assisted Living properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.