SAN FRANCISCO—A team at the San Francisco and Seattle offices of NorthMarq has arranged acquisition financing of $39.45 million for Juanita Village , a 211-unit market-rate multifamily community located at 9740 NE 119th Way in Kirkland, WA.
Dennis Williams, SVP/Managing Director, assisted by Brian Esquivel, of NorthMarq's San Francisco regional office, and Robert Spiro, SVP/Managing Director of NorthMarq's Seattle regional office, cooperated on the arrangement of a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
“This is a top dollar acquisition of a Trophy asset in an attractive submarket,” said Williams. “The quality of the asset and the sponsorship allowed the lender to become comfortable with a high loan dollar per square foot and short closing timeframe.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
