Northmarq’s Debt + Equity team successfully arranges $43M refinance of The Tilden apartments in Lacey, WA

LACEY, Wash. — Northmarq’s Seattle Debt + Equity team led by Robert Spiro successfully arranged the $43 million refinance of The Tilden apartments, a 216-unit multifamily housing community located at 3200 Willamette Dr. NE in Lacey, Washington.

Northmarq arranged financing  through its in-house Fannie Mae DUS platform. The transaction was a fixed rate long term loan.

“This was a great solution for a long-term Fannie Mae client to provide take-out financing on a newly constructed property,” Spiro said.

Built in 2024, The Tilden is a garden-style community with 11 buildings and featuring a common area, a heated resort-style pool and hot spa, fitness center, dog park and clubhouse. It also has a half-acre central park serving as a primary gathering space for the community.

The community features one-, two- and three-bedroom units with high-end finishes, quartz countertops, spacious walk-in closets, a washer and dryer in every unit, and a private patio for every unit. The property is at the center of the Puget Sound region with nearby access to Interstate 5. It is nine miles from downtown Olympia, and 24 miles from downtown Tacoma.