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Seattle & Northwest  + Washington  + Retail  | 

Newmark Arranges $42M for Seattle-Area MXU

Newmark arranged $42 million in permanent financing for the 107,000-square-foot Village at Sammamish Town Center, a newly-completed, ground-up development in Sammamish, WA, a city 20 miles east of Seattle. The multi-level mixed-use asset consists of 37,000 square feet of medical office space, a 35,000-square-foot Metropolitan Market, and an additional 35,000-square-foot retail center.

Newmark’s Michael Taylor, Skip Slavin and Patrick Taylor arranged the non-recourse financing on behalf of the property owner. The 14-year term, 30-year amortization was placed with one of Newmark’s correspondent lenders. Newmark will also service the loan.

Taylor says, “This was a refinance of a construction loan which we placed for the borrower. Our team kept close track of the property from initial construction through lease-up, and when the deal metrics were right for permanent financing, we were able to provide the borrower with several competitive options.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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