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January 16, 2025

Northmarq lands $67M for Bremerton units

In Bremerton, Tarragon began the phased Camber apartments in 2021. Both phases, with 324 units, are now open and leasing. Milbrandt Architects designed the garden apartments, which were built by the developer. Now's the time to refinance Camber, and Northmarq's Robert Spiro and colleagues did just that. Northmarq announced the $67 million December deal last week. The new money, from Fannie Mae, retired prior loans from PNC Bank and Heritage Bank. The new fixed-rate loan carries a seven-year term. Spiro said in a statement, “Another great property to get financed to pay off both construction loans just before year end.”




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