Northmarq arranges $13.1 million refinance for Aspen Glade Apartments in Enumclaw, WA
ENUMCLAW, Wash. (Oct. 30, 2024) — Northmarq’s Seattle Debt + Equity team led by Robert Spiro secured a $13.15 million refinance of Aspen Glade Apartments, a multifamily community located at 750 Watson St. N. in Enumclaw, Washington.
Northmarq arranged the financing through the firm’s Fannie Mae delegated underwriting program.
“FNMA retired a loan they had on their books with an extremely competitive rate," Spiro said.
Aspen Glade Apartments are nestled on the edge of Enumclaw with convenient access to Highway 410, offering a blend of comfort and tranquility just 45 miles from downtown Seattle and 50 miles from Mount Ranier. The pet-friendly property also features units with a patio, full-size washer/dryer, fireplace and more. Community amenities include a seasonal swimming pool, park-like courtyard, community room with Wi-Fi, and a fitness center.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
