May 24, 2013

NorthMarq Capital arranged acquisition financing of $34,685,000 for On the Green in Mukilteo, Washington

On the Green at Harbour Pointe Apts

Debt & Equity

Multi-Tenant

DENVER (May 24, 2013) - John M. Stewart, senior vice president; and Ilan Reissner, investment analyst of NorthMarq’s Denver regional office, arranged financing of $34,685,000 for On the Green at Harbour Pointe Apartments located at 12303 Harbour Pointe Blvd., in Mukilteo, Washington. Constructed in 1990, the community consists of 294 units in 17, two and three-story buildings. There are also 55 garages, as well as 87 carports. Property amenities include indoor and outdoor pools, indoor basketball court, fitness and business centers, spa and sauna, tanning bed and game room. Units feature washer/dryers, fireplaces, vaulted ceilings, ceiling fans, walk-in closets and fully equipped kitchens. The property was purchased by an affiliate of Security Properties and one of their institutional partners.

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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