SEATTLE – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, arranged a loan of $23,227,000 for the Chateau Woods Apartments, a 114-unit multifamily property located in Woodinville, Washington and owned by Walt Bowen of BPM Real Estate Group. Chateau Woods was built in 2008 and offers a variety of amenities and floor plans. The transaction was structured with a 10-year term with 5 years interest only followed by a 30 year amortization. NorthMarq arranged financing for the borrower through its Fannie Mae/DUS division. The loan closed five weeks after execution of the loan application.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit northmarqcap.wpengine.com.