DENVER (May 24, 2013) – John M. Stewart, senior vice president; and Ilan Reissner, investment analyst of NorthMarq’s Denver regional office, arranged financing of $34,685,000 for On the Green at Harbour Pointe Apartments located at 12303 Harbour Pointe Blvd., in Mukilteo, Washington. Constructed in 1990, the community consists of 294 units in 17, two and three-story buildings. There are also 55 garages, as well as 87 carports. Property amenities include indoor and outdoor pools, indoor basketball court, fitness and business centers, spa and sauna, tanning bed and game room. Units feature washer/dryers, fireplaces, vaulted ceilings, ceiling fans, walk-in closets and fully equipped kitchens. The property was purchased by an affiliate of Security Properties and one of their institutional partners.
Multifamily -
Debt