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Pearlmark Receives $7M Mezzanine Loan for Northview Center Office Building in Lynnwood, Washington

Northview-Center-Lynnwood-WA

Northview Center in Lynnwood, Wash., features 182,009 square feet of office space.

LYNNWOOD, WASH. — Chicago-based Pearlmark has received a $7 million mezzanine debt investment as part of its purchase of Northview Center, an office property in Lynnwood. The 182,009-square-foot building is close to a new light rail station that will provide easy access to downtown Seattle.

The investment was made on behalf of Pearlmark Mezzanine Realty Partners V LP. Prime Finance provided the senior loan. Nitze-Stagen is the manager for the borrower.

Bill Swackahmer of Pearlmark arranged the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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