Office - Debt

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.