NorthMarq Capital’s Seattle office arranges refinancing of $21.85 million for SAMM Apartments in Sammamish, Washington


SEATTLE (February 12, 2018) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, originated a $21,850,000 take out loan for the SAMM Apartments, a 92-unit multifamily property located in Sammamish, Washington. The complex has a modern design with open floor plans and is located in an affluent bedroom community to Bellevue and Seattle. The transaction was structured with a 15-year term on a 30-year amortization schedule, with 1 year interest only. The structure allowed the owner, an investment group which includes Sealevel Properties and a local investor, to close well before the property achieved stabilized occupancy. NorthMarq arranged financing for the borrower through a correspondent life company.

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

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