NorthMarq’s Seattle office arranges $24.7 million refinance of Sawyer Trail Phase II in Frederickson, Washington
Sawyer Trail Phase II
SEATTLE, WASHINGTON (November 7, 2019) – Bob Spiro secured the $24.7 million refinance of Sawyer Trail Phase II. The 162-unit multifamily property is located in Frederickson, Washington.
Financing Details:
- 8.67-year term (coterminous with Phase I)
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae platform.
Producer Quote:
“This was a construction take-out loan under the Fannie Mae Near-Stabilization Execution.”
- Bob Spiro
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About Northmarq
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.
