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.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
