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