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.
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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.
