Northmarq arranges $4.238 million in acquisition financing for garden-style apartments in Beaverton, OR
LOS ANGELES (May 28, 2024) — Zalmi Klyne, senior vice president and managing director of Northmarq’s Los Angeles office, secured the $4.238 million acquisition loan for a 34-unit multifamily property in Beaverton, Oregon. Beaverton Townhouse was built in 1964 and is located at 13520 SW Electric Street.
Northmarq arranged financing on behalf of the borrower through a correspondent relationship with a Freddie Mac SBL. The permanent fixed rate loan was structured on a 5-year term with a 360 amortization schedule.
Situated in the Portland MSA, Beaverton Townhomes offers two-bedroom, one-bath apartment homes in a walkable area (85 Walk Score). Residents enjoy close proximity to dining, shopping and public transit and a short commute to Downtown Portland.
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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.
