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Home AEC $66.8MM Construction Loan Secured for 266-Unit Community on Everett’s Waterfront
AECIndustry NewsResidential

$66.8MM Construction Loan Secured for 266-Unit Community on Everett’s Waterfront

September 12, 20191 Mins read965
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NorthMarq, Everett, Stuart Oswald, Waterfront Place Apartments, SeaLevel Properties, Gracorp
Rendering Courtesy of NorthMarq
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BELLVUE, WASHINGTON (September 11, 2019) – NorthMarq Seattle’s Stuart Oswald arranged a $66,884,000 construction loan for Waterfront Place Apartments in Everett, Washington. The property contains 266 units. Financing Details: The 85 percent loan-to-cost loan was funded using FHAs 220 program and was processed by NorthMarq’s in-house FHA team. The borrower, a joint venture between SeaLevel Properties and Gracorp, was able […]

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