homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

March 17, 2011

NorthMarq Capital

Ron Peterson of NorthMarq Capital's Bellevue office arranged first mortgage financing of nearly $7.8 million for Monterey Apartments, a 60-unit property at 10212 N.E. 68th St., Kirkland. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac. The transaction is a refinance of an existing Freddie Mac loan. The borrower locked in a long-term rate of 4.88 percent 90 days prior to funding. The loan provided what Peterson said was a significant cash-out.




Email or user name:
Password:
 
Forgot password? Click here.