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
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: www.northmarq.com.
