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July 21, 2011

NorthMarq Capital

Ron Peterson, managing director of NorthMarq Capital's Bellevue office, arranged first mortgage financing of $15.1 million for Dakota Apartments, a 156-unit property in Lacey. Financing was based on a 7-year term with a 30-year amortization schedule and was arranged for the borrower through NorthMarq's seller-servicer relationship with Freddie Mac. Peterson also arranged first mortgage financing of $16.1 million for Cantera Apartments, a 288-unit property in Chandler, Ariz. Financing was based on a 5-year term with interest only for three years, then a 30-year amortization schedule. It was arranged through a life insurance company.




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