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

SAMM Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Bank
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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.

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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.
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