Multifamily

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 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.