May 23, 2013

Arranged $12.555 Million Mortgage for Avanti Apartments in Seattle, Washington

Avanti Apts

Debt & Equity

Multi-Tenant

SEATTLE (May 23, 2013) – Ron Peterson, senior vice president/managing director of NorthMarq’s Seattle Regional office arranged first mortgage refinancing of $12.555 million for Avanti Apartments, a 93-unit, market-rate multifamily property located at 1401 Boren Avenue in Seattle, Washington. Financing was based on a 10-year interest-only term at 60 percent LTV. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 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.

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