Arranges two multifamily transactions totaling $52.709 million
Two Mulifamily Properties
SEATTLE (October 27,2014) – Bob Spiro, senior vice president/managing director and Chris Pohlad, vice president of NorthMarq Capital’s Seattle based regional office arranged the refinancing of two multifamily properties in Puyallup and Seattle worth a combined $52.709 million. NorthMarq arranged financing for the borrower in both transactions through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender. Riverside Park Apartments: This 379-unit property, located at 3107 E. Main Avenue in Puyallup, Washington was refinanced at $32.059 million. The transaction was structured with a 10-year term and 30-year amortization schedule. Boxcar Apartments: This 145-unit property, located at 975 John Street in Seattle, Washington received refinancing of $20.65 million. The transaction was structured with a 10-year term and 30-year amortization schedule.
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
