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August 7, 2014

NorthMarq secures $32.5M for Quail Park

Stuart Oswald of NorthMarq Capital's Seattle office arranged $32.5 million in financing for Quail Park of Lynnwood, a three-story senior housing building with 85 assisted-living units and 45 memory care units. The refinancing loan allows the borrowers to pay off the original construction loan and generate cash. NorthMarq says it is the largest private commercial real estate financial intermediary in the U.S., with more than $10 billion in financing secured annually and a loan portfolio of more than $42 billion.




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