Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Denver office arranges $2,694,000 supplemental financing for The Ridge at Mountain View in Arvada, Colorado

DENVER (September 2, 2016) – Greg Benjamin, senior vice president and Mark Lindgren, investment analyst, of NorthMarq Capital’s Denver office arranged a supplemental mortgage of $2,694,000 for The Ridge at Mountain View, a multifamily project located at 7865 Allison Way in Arvada, Colorado. The supplemental mortgage, arranged for the borrower, Aukum Management, LLC, was through Freddie Mac and was structured with a 6-year term and 30-year amortization schedule.

Constructed in 1983, The Ridge at Mountain View consists of 168, one and two bedroom units contained in seven, 2-1/2 story buildings. Units feature a patio or balcony, fireplace, washer/dryer and air conditioning.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.