SEATTLE (December 13, 2017) – Bob Spiro, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, arranged the $16.399 million refinance of Chinook Park Apartments, a 135-unit multifamily property located at 320 Chinook Avenue in Enumclaw, Washington. The transaction was structured with a 10-year term on a 30-year amortization schedule.
“NorthMarq was able to receive strong pricing due to Fannie’s green program,” noted Spiro.
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 www.northmarq.com.