SEATTLE—Bob Spiro, senior vice president/managing director and Chris Pohlad, vice president of NorthMarq Capital's Seattle based regional office recently arranged the refinancing of two multifamily properties in Puyallup, WA, 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, WA, 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 among the largest privately held commercial real estate finance firms in the US, providing mortgage banking and commercial loan servicing in 34 offices coast to coast.
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