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
