NorthMarq Capital’s Denver office secures $25 million refinance of Metro Art Brentwood Apartments in Los Angeles, California
DENVER (November 30, 2017) – Paul Bruder, senior vice president of NorthMarq Capital’s Denver regional office, arranged the $25 million refinancing of Metro Art Brentwood Apartments, a 62-unit multifamily property located at 11771 Montana Avenue in Los Angeles, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.