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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
