NorthMarq Capital arranged $3 million mortgage for Eagle Ridge Plaza in Seattle, Washington
LOS ANGELES (June 19, 2013) – Ory Schwartz, senior vice president and managing director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $3 million for Eagle Ridge Plaza, a multifamily property containing 25 market-rate units and 2 commercial spaces containing 4,178 sq.ft. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
