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EVERETT, WASH. – The 344-unit Millington at Merrill Creek apartment complex in Everett has received $43.5 million in acquisition financing. The 18-building community is located at 1401 Merrill Creek Parkway. The building’s amenities include a business center, 24-hour fitness center, clubhouse, pool, spa, basketball court and playground.
The seven-year, interest-only loan was arranged for Security Properties by NorthMarq Capital’s Denver regional office. The firm secured the financing through its seller/servicer relationship with Freddie Mac.