February 1, 2013

NorthMarq Capital arranged refinancing of $24 million for Cherry Creek Club Apartments in Glendale, Colorado

Cherry Creek Club Apts

Debt & Equity

Multi-Tenant

DENVER (January 31, 2013) - NorthMarq’s Denver regional office arranged refinancing of $24,000,000 for Cherry Creek Club Apartments located at 5001 East Mississippi Avenue in Glendale, Colorado. Constructed in 1972 and 1974 with major renovations in 1995 and 2012, the community consists of 561 units (from 450 to 950 sq. ft.) in six, four-story and three, five-story buildings. The five-stories are centered around a large, attractive pond. Community amenities feature an outdoor pool, clubhouse, fitness center, tennis courts, playground, laundry facilities in all buildings, and controlled building access. Some covered parking is also available. Greg Benjamin, senior vice president; and Dan Lucchesi, investment analyst; arranged the refinancing for the borrower, a division of Weidner Investment Services, Inc., a Seattle-based, privately-held owner of multiple multi-family properties. Ben Katon is Vice President of Finance & Acquisitions and Kevin Colard is Senior Acquisitions Manager.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.