Luke Donahue, senior vice president/senior director and John Kinser, vice president of NorthMarq’s Phoenix regional office provided acquisition financing of $16.64M for Clocktower Apartments, a 195-unit multi-family apartment complex located 11600 SW 147th Terrace in Beaverton, Ore. NorthMarq Capital funded this financing for the borrower through its FHLMC seller/servicer platform.
“NorthMarq financed the adjacent property with Freddie Mac 12 months earlier,” said Kinser. “To accommodate the joining of the two properties, NorthMarq and Freddie Mac worked with the borrower to allow the joint operation and branding of both properties.”