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December 8, 2016
The Denver office of NorthMarq said David Link and Brian Fisher arranged $93 million in acquisition financing for the 524-unit Bridges at Northcreek in Bothell, which sold in October for $145 million. Kidder Mathews' Giovanni Napoli and Philip Assouad brokered the sale on behalf of seller Grosvenor Americas, and Denver-based Griffis Residential was the buyer. In a statement, Link said, “The financing was arranged for the borrower, a long-term client of the Denver office, through NorthMarq Capital's Fannie Mae program. The loan was a 10-year full term interest-only transaction.” NorthMarq said it is the largest privately held commercial real estate financial intermediary in the U.S., with a loan portfolio of over $47 billion.