March 13, 2013

NorthMarq Capital arranged $39.45 million mortgage for Juanita Village in Kirkland, Washington

Juanita Village

Debt & Equity

Multi-Tenant

SAN FRANCISCO (March 13, 2013) – Dennis Williams, SVP/managing director of NorthMarq’s San Francisco-based regional office, and Robert Spiro, SVP/managing director of NorthMarq’s Seattle regional office, cooperated to arrange acquisition financing of $39.45 million for Juanita Village, a 211-unit market-rate multifamily community located at 9740 NE 119th Way in Kirkland, Washington. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender. “This is a top dollar acquisition of a Trophy asset in an attractive submarket,” said Williams. “The quality of the asset and the sponsorship allowed the lender to become comfortable with a high loan dollar per square foot and short closing timeframe.”

Available Multifamily 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.