March 28, 2013

NorthMarq Capital arranges acquisition financing of $12.4 million for Vantage Park Apartments in Seattle, Washington

Vantage Park Apts

Debt & Equity

Multi-Tenant

DENVER (March 28, 2013) - John M. Stewart, senior vice president; and Ilan Reissner, investment analyst of NorthMarq’s Denver regional office, arranged financing of $12.4 million for Vantage Park Apartments located at 1011 E. Terrace Street in Seattle, Washington. Constructed in 2000, the community consists of 91 units in two, five and six-story residential buildings. Property amenities feature controlled access and garage parking with keyless entry, as well as a fitness room, social lounge and BBQ area. All of the units have washer/dryers, oversized windows and designer kitchens with microwaves. The property was purchased by an affiliate of Security Properties and one of their institutional partners.

Available Multifamily properties

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.