Northmarq completes acquisition financing of $2.5 million for Hilltop Retail Center in Woodinville, Washington

Hilltop Retail Center
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SEATTLE, WASHINGTON (August 3, 2022) –Bob Spiro, senior vice president/managing director and Scott Moline, vice president of Northmarq’s Seattle office completed acquisition financing of $2.5 million for the $6.86 million purchase of Hilltop Retail Center. The 15,094 sq. ft. unanchored strip retail property is located at 15610 Woodinville-Duvall Road in Woodinville, Washington. The property was constructed in 2008 and it is currently configured with eleven retail suites and one pad space. The property is 100 percent leased.

The transaction was structured with a fully-amortizing 20-year term. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

“We were able to provide 20 year fixed-rate acquisition financing for this transaction. This was the sixth retail transaction this client has done with the lender, which led to a smooth and efficient loan closing process,” said Spiro. 

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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.
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