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