Northmarq’s Seattle office arranges $8.3M in financing for Snoqualmie Ridge Town Center
SNOQUALMIE, Wash. (April 16, 2025) — Northmarq has arranged $8.3 million in refinancing for Snoqualmie Ridge Town Center, a well-established 20-tenant retail center located in the scenic community of Snoqualmie, Washington. The transaction was led by Ron Peterson and Jack Bell of Northmarq’s Seattle office.
The retail center is a cornerstone of daily retail and service needs for the surrounding residential neighborhoods. The diverse tenant mix includes nationally recognized brands like Starbucks and Dollar Tree — in addition to local tenants like Kiddie Academy of Snoqualmie — reflecting strong consumer demand and long-term leasing stability.
Its strategic location just off Snoqualmie Parkway and Interstate 90 offers easy access to Bellevue, Seattle and the greater Eastside region, making it a convenient stop for both local residents and commuters.
Northmarq arranged the 10-year, fixed-rate financing through its correspondent relationship with a life insurance company, tailoring the structure to support the borrower’s long-term ownership strategy.
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