March 11, 2013

Arranged $5.6 Million Mortgage for Troutdale Commons in Troutdale, Oregon

Troutdale Commons S/C

Debt & Equity

Multi-Tenant

SEATTLE (March 11, 2013) Bob Spiro, senior vice president and managing director of NorthMarq’s Seattle regional office, arranged first mortgage refinancing of $5.6 million for Troutdale Commons, a 39,388 sq. ft. grocery anchored shopping center located in Troutdale, Oregon. Albertson’s, Starbucks and Walgreens are major tenants at the site. Financing was based on a 15-year term and a 20-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender. “Albertson’s owned their own store and the borrower had inline space and a free-standing drive-thru Walgreens as our security,” said Spiro. “Our client got a low rate fixed for 15 years with one of our correspondent life companies and the lender got a high quality asset with lower leverage and a 20-year amortization – a win-win transaction.”

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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.

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