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January 13, 2011

NorthMarq Capital

Ron Peterson of NorthMarq Capital's Bellevue office arranged first mortgage financing of $6.5 million for Veranda Green Apartments, a 150-unit, affordable apartment property in South Seattle. Financing was based on a 30-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank. The first five years have a fixed rate of just over 5 percent. Stuart Oswald of NorthMarq's Bellevue office arranged first mortgage financing of nearly $4.1 million for Wellington Apartments, a 71-unit apartment in Fircrest, Pierce County. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, R-M Wellington LLC.




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