May 25, 2017

NorthMarq Capital’s Denver office secures $23.15 million bridge loan for Legacy Trails Apartments in Centerville, Utah

Legacy Trails Apts

Debt & Equity

Multi-Tenant

DENVER (May 25, 2017) – NorthMarq Capital’s Denver office arranged a bridge loan of $23,150,000 for Legacy Trails Apartments located at 1300 West Parrish Lane in Centerville, Utah. The recently constructed community consists of 164 residential units contained in seven three-story buildings. The property features a clubhouse, 24-hour fitness center, outdoor pool/spa, basketball court and covered parking. All units have washer/dryers. Mark Jeffries, vice president and Dave Bolt, investment analyst arranged the financing for the Utah-based borrower.

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.