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