NorthMarq Capital’s Denver office secures $19 million refinancing for Homestead Apartments in Greeley, Colorado
DENVER (September 26, 2016) – NorthMarq Capital’s Denver office arranged a $19,000,000 refinancing for Homestead Apartments located at 3543-3816 and 3801-3841 W. 29th Street in Greeley, Colorado. The multifamily community, constructed in three phases from 2014-2016, consists of 288 garden units contained in forty, two-story buildings. Community amenities include clubhouse, fitness and business centers, pool, playground and sport court. Units have washer/dryer hookups and island kitchens, walk-in closets and porches in select units. Paul Bruder, vice president, arranged the refinancing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.
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.
