Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Denver office arranges $124 million financing for five multifamily communities in Aurora and Colorado Springs, Colorado

DENVER (August 18, 2017) – NorthMarq Capital’s Denver office arranged a five-loan, multifamily transaction with a combined total financing of $123,759,000 for apartment communities (1,900 units) located in Aurora and Colorado Springs, Colorado. Properties in Aurora include Westover Gardens (built in 1986-286 units), Ridge Hill (built in 1984-576 units), Quincy Ridge (built in 1984-424 units), and Sanctuary at Heather Ridge (built in 1972-358 units). Beverly Place is the property located in the Colorado Springs community (built in 1984; 256 units). Gordon Mickelson, senior director and Brian Fisher, senior investment analyst, arranged the 15-year financing through NorthMarq Capital Finance on behalf of OLP Management Company.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.