NorthMarq's Seattle office arranges $13.35 million acquisition financing for Meadow Creek Office Park in Issaquah

BELLEVUE (October 25, 2013) – Stuart Oswald, senior vice president and managing director of NorthMarq’s Seattle based regional office, arranged acquisition financing of $13.35 million for Meadow Creek Office Park, a 93,215 sq.ft. class “B” office building located at 22500-22619 SE 64th Place in Issaquah, Washington. NorthMarq arranged this financing for the borrower, a locally based investor group through NorthMarq’s relationship with a life insurance company. “This was an acquisition which we were able to close within eight weeks of executing the application,” said Oswald. “In addition, we were able to arrange a more favorable pre-payment structure on a portion of the loan that would allow for the borrower to sell off 20 percent of the collateral during the term. We have closed a number of loans with the client over the past 10 years. We are grateful to have been a part of another successful transaction.”