Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges financing of $43.5 million for Millington at Merrill Creek in Everett, Washington

DENVER (June 24, 2014) – NorthMarq Capital’s Denver based regional office secured acquisition financing of $43.5 million for Millington at Merrill Creek, an 18-building, 344-unit multifamily property located at 1401 Merrill Creek Parkway, Everett, Washington. The transaction was structured with a 7-year interest only term. NorthMarq arranged financing for the borrower, Security Properties, through its seller/servicer relationship with Freddie Mac.

Property amenities include a business center, 24-hour fitness center, clubhouse, pool, spa/hot-tub, basketball court, playground, attached/detached garages and carports. Units have 9’ ceilings, full-size washers/dryers, fireplaces in select units, dishwasher, built in microwave, track-lighting and soaking tubs.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.