SEATTLE (May 8, 2013) – Ron Peterson, senior vice president/managing director of NorthMarq’s Seattle regional office arranged first mortgage refinancing of $1.815 million for Highland Park Apartments, a 15-unit market-rate multifamily property located at 421 Kirkland Avenue in Kirkland, Washington. Financing was based on a 15-year term and a 15-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. “The borrower locked in a low 15-year fully-amortized loan at less than four percent on a recently renovated project,” Peterson said.
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