NorthMarq Capital’s Denver office arranges $21.5 million refinancing for Colonial Square Apartments in Bellevue, Washington
DENVER (September 2, 2016) – NorthMarq Capital’s Denver office arranged a Fannie Mae DUS refinancing of $21,500,000 for Colonial Square Apartments, located at 1616 156th Avenue NE in Bellevue, Washington. Constructed in 1969, the community consists of 153 residential units contained within one continuous rental building. Amenities include carports, indoor pool, fitness center, sauna/spa and sports courts. Greg Benjamin, senior vice president and Mark Lindgren, investment analyst arranged the refinancing for the borrower, a division of Weidner Investment Services, Inc.
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.
