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July 26, 2018

NorthMarq does $32M refi deal

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Sawyer Trail Apartments

NorthMarq Capital said Bob Spiro secured $32.3 million in refinancing for the 234-unit Sawyer Trail Apartments in the Pierce County town of Frederickson. Financing was through NorthMarq's Fannie Mae DUS program (delegated underwriting and servicing). The owner wasn't named. Tarragon is expanding the complex, adding about 162 units.




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