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March 22, 2012

NorthMarq Capital

Ron Peterson of NorthMarq's Bellevue office arranged first mortgage refinancing of $29.1 million for Overlake Center, a 116,700-square-foot retail property in Issaquah. Financing was based on a 5-year term with 9 months interest only followed by a 25-year amortization schedule and was arranged through a regional bank. Stuart Oswald, also of the Bellevue office, arranged a bridge loan of $16 million for a senior housing portfolio of two assisted-living facilities, Emeritus at Pantano in Tucson, Ariz., and Emeritus at Steel Lake in Federal Way. Financing was based on a 3-year term interest only and was arranged through an institutional bridge lender. A West Coast based opportunity fund recently acquired the assets in an all-cash deal.




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