NorthMarq's Seattle office arranged $1.81 million mortgage for Highland Park Apartments in Kirkland, Washington
Highland Park Apts
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.
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.
