Mixed Use - Debt

Northmarq Capital finalizes $16.5 million refinance for The Decatur Building in downtown Seattle, Washington

SEATTLE (December 29, 2014) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle based regional office negotiated the $16.5 million fixed rate, cash-out refinance of The Decatur Building, a 111,419 sq. ft. mixed-use property located at 1511 6th Avenue in Seattle, Washington. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Major office tenants include Synapse and Alibaba. Major retail tenants include Mario’s, Morton’s of Chicago and Bocz Salon.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.