NorthMarq's Seattle office arranged $20 million mortgage for Grocery/Drug Anchored Shopping Center in Spokane, Washington
Grocery/Drug Anchored S/C
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.”
Meet our team
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.
