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June 2, 2022

Northmarq secures $28M multifamily loan

As the DJC first reported early last month, the 2nd Street Apartments in downtown Bellevue sold for a bit over $33 million. The buyer was an LLC associated with Angelo Gordon, a private investment firm based in New York, and local shop Timberlane Partners. That deal included a nearly $27.9 million loan from Varde Partners of Minnesota. Now Northmarq has announced its role in sourcing the loan. The firm's Jake Leibsohn led that effort, and said the loan would support planned improvements to the 80-unit building, which dates to 1997.




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