July 10, 2013

NorthMarq's Seattle office arranged $20 million mortgage for Grocery/Drug Anchored Shopping Center in Spokane, Washington

Grocery/Drug Anchored S/C

Debt & Equity

Multi-Tenant

SEATTLE (July 10, 2013) – Stuart Oswald, senior vice president and managing director of NorthMarq’s Seattle regional office, arranged first mortgage refinancing of $20 million for a grocery/drug anchored shopping center located in Spokane, Washington. The property contains over 250,000 sq. ft. of retail space. NorthMarq arranged this financing for the borrower through its relationship with a life company lender. “This was a transaction that received strong interest from a number of insurance companies and CMBS lenders,” Oswald said. “We were very pleased to have found a portfolio lender who provided competitive pricing and a creative structure that worked for the ownership group which plans to own the asset for a number of years.”

Available Retail (MT) 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.