Multifamily - Debt


Arranges two multifamily transactions totaling $52.709 million

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.