NorthMarq’s Seattle office finalizes $5.6 million refinance of Willamette Wharf in Portland, Oregon

Willamette Wharf
Debt & Equity
Multi-Tenant
Office
Permanent Loan - Fixed
Life Company
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Bob Spiro, managing director and Scott Moline, vice president of NorthMarq’s Seattle office arranged the $5.6 million refinance of Willamette Wharf. The 51,716 sq. ft. office property is located at 4640 SW Macadam Avenue in Portland, Oregon. The property is located south of downtown Portland and is a short distance from Interstate 5. The property improvements consist of a two-story low-rise multi-tenant office building. 

The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 

“We were able to secure a refinance of an office property with competitive terms, which has been a challenge with all the scrutiny towards office properties during the pandemic,” said Spiro. 

 

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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.
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