Northmarq completes sale, financing of Alpine Village manufactured housing community in Woodland Park, CO

WOODLAND PARK, Colo. (April 16, 2025) — Northmarq’s Los Angeles Multifamily Investment Sales team led by Jeff Benson and Sam Neumark successfully completed the $2.55 million sale of Alpine Village, a manufactured housing community (MHC) located at 27572 Hwy 67 in Woodland Park, Colorado.

Northmarq represented both the seller and buyer.

“The Alpine sale demonstrates the resilience of the Manufactured Housing asset class,” Benson said. “Despite the volatility in today’s capital markets, investors continue to buy assets in strong markets such as Colorado.”

“Average home values in Woodland Park exceed $500,000, and this community provides a source of affordable housing in a supply constrained market — which was demonstrated by investor interest in this deal,” Neumark said.

In collaboration, Northmarq’s Phoenix Debt + Equity team led by Alex Quenzler arranged $1.77 million permanent-fixed financing on behalf of the borrower through a correspondent regional banking relationship. The transaction was structured on a 10-year term.

“Another successful collaboration between Northmarq’s Investment Sales and Debt + Equity teams,” Quenzler said. “While the smaller market led many national capital providers to hesitate in offering terms aligned with the borrower’s business plan, our strong relationships with regional banks allowed us to secure competitive financing. Their deep understanding of the local market and asset type was key to delivering a favorable outcome.”

Alpine Village features 39 total units, offering an affordable housing choice for active, family-friendly living. The community has easy access to local schools, recreation, shopping and entertainment. Located along State Highway 67 and nearby U.S. Highway 24, the community is roughly 22 miles northwest of Colorado Springs.