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

Millington at Merrill Creek
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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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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