NorthMarq Capital arranged acquisition financing of $34,685,000 for On the Green in Mukilteo, Washington
On the Green at Harbour Pointe Apts
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.
About Northmarq
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.
