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Correction: BPM Real Estate Secures $23.2M Refi for Chateau Woods Apts

NorthMarq Capital Places Loan with Fannie Mae
January 22, 2018
BPM Real Estate Group secured $23.23 million in financing for the Chateau Woods Apartments, a 96-unit multifamily complex located at 18250 142nd Ave. NE. in Woodinville, WA.

Stuart Oswald of NorthMarq Capital arranged the financing on behalf of the borrower, placing the structured 10-year loan on a 30-year amortization schedule with five years of interest with its Fannie Mae platform.

Chateau Woods Apartments, built in 2008, totals 110,000 square feet and features 49 one- and 47 two-bedroom units. Community amenities include a business center, clubhouse, fitness center, laundry facility, lounge, on-site maintenance and management and a spa. The six-story building is about 20 miles north of Seattle via Interstate 405.

Editor's Note: This article has been corrected from an earlier version to reflect the correct name of the owner, BPM Real Estate Group, not BPM Senior Living Co.
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