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Developer lands refinancing for Seattle apartments as investors return to market

Northmarq arranges $61 million loan for property with LA Fitness
Spruce, a mixed apartment and retail complex in West Seattle, opened in 2015. (CoStar)
Spruce, a mixed apartment and retail complex in West Seattle, opened in 2015. (CoStar)
CoStar News
June 12, 2026 | 5:58 P.M.

An Issaquah, Washington-based real estate firm received a $60.8 million refinancing loan for a West Seattle apartment and retail property in one of the largest deals of its type this year in the region.

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