Northmarq Secures $35M Refinance of 147-unit Senior Living Community The Lodge at Mallard’s Landing in Gig Harbor Washington

Stuart Oswald, senior vice president of Northmarq's Seattle office, facilitated a $35 million refinance for The Lodge at Mallard's Landing in Gig Harbor, Washington. The property is a 147-unit community offering independent living, assisted living, and memory care services. The loan was secured at just under 6% interest rate with an earn-out feature tied to NOI improvement. This marks the third financing arrangement by Northmarq for the property over the past decade. The Lodge has maintained high occupancy rates and strong resident satisfaction under the management of Senior Services of America. Northmarq is a prominent capital markets resource in commercial real estate, providing comprehensive services in debt, equity, investment sales, and loan servicing with a track record of successful transactions and innovative solutions for clients.

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