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August 9, 2012

NorthMarq Capital

Ron Peterson of NorthMarq's Bellevue office arranged first mortgage refinancing of $24.7 million for Colony at Bear Creek I, a 248-unit market-rate apartment in Redmond. Financing was based on a 10-year term with two years of interest only, then a 30-year amortization schedule. It was arranged with Freddie Mac. Bob Spiro of the Bellevue office worked with the Nevada office to arrange first mortgage refinancing of $13 million for Elko Junction, a shopping center in Elko, Nev. Financing was based on a 20-year term and a 30-year amortization schedule and was obtained from a life insurance company.




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