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Northmarq Secures $67M Refi of Bremerton Apartments
Northmarq’s Seattle Debt + Equity team, led by Robert Spiro, has completed the $ 67 million refinance of Camber Apartments, Phases 1 and 2 — a garden-style multifamily community located at 1231 NE McWilliams Rd in Bremerton, Washington.
Northmarq arranged financing on behalf of the borrower through its in-house Fannie Mae delegated underwriting program. The permanent-fixed deal was structured on a seven-year term.
Camber Apartments feature two adjacent multi-family properties, with Phase 1 being built in 2021 and Phase 2 built in 2024. Camber Phase 1 features 204 units, and Camber Phase 2 features 120 units. The community features one-, two- and three-bedroom units with quartz countertops, stainless steel appliances, and a balcony or patio with every unit.
Community amenities include a fitness center, a clubhouse with a caterer’s kitchen, fire pits, a heated resort-style pool, a covered outdoor spa, and a pool. The Camber Apartments complex is close to Kitsap Naval Base and the Bremerton ferry system to Seattle.
