DENVER—John Stewart, SVP; and Ilan Reissner, investment analyst of NorthMarq's Denver regional office, arranged financing of $34,685,000 for On the Green at Harbour Pointe Apartments located at 12303 Harbour Pointe Blvd., in Mukilteo, WA.

Constructed in 1990, the community consists of 294 units in 17, two and three-story buildings. There are also 55 garages, as well as 87 carports. Property amenities include indoor and outdoor pools, indoor basketball court, fitness and business centers, spa and sauna, tanning bed and game room. Units feature washer/dryers, fireplaces, vaulted ceilings, ceiling fans, walk-in closets and fully-equipped kitchens.
The property was purchased by an affiliate of Security Properties and one of their institutional partners.
NorthMarq, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 33 offices coast to coast. With an average of $9.5 billion in annual production volume and servicing a loan portfolio of over $41 billion, the company offers expertise to borrowers of all size.
Security Properties is a national real estate investment and operating company headquartered in Seattle, Washington with a 43-year history in both affordable and conventional multifamily rental housing.

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NorthMarq Arranges Acquisition Funding for Multifamily

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