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NorthMarq Arranges Nearly $23M Refi of Frederickson MF
NorthMarq’s Seattle office secured $22.5 million to refinance Sawyer Trail Townhomes, Phase I in Frederickson, WA, a community 15 miles south of Tacoma. Located at 17516 44th Ave E., this is the third phase of the roughly 32-acre Sawyer Trails development, and consists of 90 townhome units.
“This is the third phase of an $80 million finance package over the last two years with Fannie Mae,” said Bob Spiro, who arranged the financing with Scott Moline. “We were able to successfully close this transaction and serve as an advisor through turbulent times in the capital markets. We remain committed to providing our best market intelligence and meeting our clients’ needs despite current market conditions and uncertainty. Fannie Mae continues to provide liquidity to the multifamily market during these challenging times.”
The permanent-fixed rate loan was structured with a 10-year term on a 30-year amortization. NorthMarq arranged financing for the borrower, reportedly Investco Financial, through its in-house Fannie Mae team.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

