Multifamily

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

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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.