Multifamily - Debt

NorthMarq’s Seattle office arranges $24.7 million refinance of Sawyer Trail Phase II in Frederickson, Washington

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

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.