The Seattle Debt + Equity team at Northmarq, led by Robert Spiro, recently completed three successful apartment refinancings in the Seattle area totaling nearly $66 million. The largest of these was a $43.56-million refinance for Haven Apartments, a modern garden-style property located in Port Orchard, WA.
This financing was structured as interest-only through Northmarq’s Fannie Mae DUS program and features one- to three-bedroom floorplans with high-end finishes and scenic views of the surrounding park.
In addition to this impressive feat, Northmarq also secured a $13.15-million refinance for Aspen Glade Apartments in Enumclaw, WA through Fannie Mae’s Delegated underwriting program at an extremely competitive rate.
Lastly, Spiro and his team arranged an $8.95-million refinance for Monticello Apartments – a 107-unit multifamily property situated at 415 Boren Ave. in Seattle – using Northmarq’s Fannie Mae delegated underwriting program with fixed interest rates.
Overall,the success of these refinancing deals highlights the expertise and dedication of the Northmarq team when it comes to securing favorable financing options for their clients’ properties.
