Aug 27, 2020

$37M multifamily refi loan in Puyallup

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NorthMarq's Bob Spiro and Scott Moline recently secured a $37.4 million refinancing loan for Phase I of Glacier Run, a 240-unit garden apartment complex in Puyallup. The lender wasn't named. The loan carries a 10-year term with a 30-year amortization schedule. Spiro said in a statement, “We were able to provide construction take-out financing that was competitively priced with a streamlined closing process during these challenging times.”

Kidder Mathews

McLennan

Kidder Mathews announced that Matt McLennan was recently designated a Certified Commercial Investment Member by the CCIM Institute. Based in Tacoma, he's a specialist in industrial leasing and sales in South King and Pierce counties.

National honors for NW winners

Connect Media recently announced the winners of its 2020 Next Generation Awards, which are divided up among national regions. In the Pacific Northwest, those honored were broker Kristyn Krueger of Kidder Mathews; analyst Jennifer Shuch of HFO in Portland; attorney Holly Golden of Hillis Clark Martin & Peterson; mortgage banker Mackinley Robinson of Berkadia; and mortgage banker Robert Meunier of Lee & Associates.

New tenant in Bremerton

The Port of Bremerton just landed a new tenant at its Olympic View Industrial Business Park. WRG Fire Training Simulation Systems, which trains shipboard fire fighters, will occupy modular buildings on a new concrete pad. The property will be ready in January. Terms and brokers weren't announced. “We're so glad to be able to bring WRG in as a tenant,” said port CEO Jim Rothlin. WRG has about 20 on staff. It trains many U.S. Navy personnel, and also has facilities are California and on the East Coast.