NorthMarq’s Seattle office completes $37,440,000 refinance of Glacier Run – Phase I in Puyallup, Washington

SEATTLE, WASHINGTON (August 19, 2020) – Bob Spiro, managing director and Scott Moline, vice president of NorthMarq’s Seattle office arranged the $37.44 million refinance of Glacier Run – Phase I. The 240-unit multifamily property is located at 12020 Sunrise Boulevard East in Puyallup, Washington. 

The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq, a Fannie Mae lender, secured financing for the borrower. Glacier Run features garden-style apartment units with a variety of amenities. Common amenities include a heated pool, fitness center, dog park, three season room, and clubhouse. Individual units feature large open spaces with high-end finishes including quartz counter tops and stainless steel appliances.

“We were able to provide construction take-out financing that was competitively priced with a streamlined closing process during these challenging times,” said Spiro.