NorthMarq Capital arranges $29.25 million in financing for Andalucía Villa Apartments in Odessa, Texas
Andalucía Villa Apts
DENVER (July 15, 2015) – NorthMarq Capital’s Denver office arranged financing of $29.25 million for Andalucía Villa Apartments located at 5075 E. 52nd Street in Odessa, Texas. Constructed in 2012-2013, the community consists of 402 units contained in 17, two and three-story residential buildings. Property amenities include gated access, business and 24-hour fitness centers, putting green, bocce ball court, splash pad, three onsite dog parks, outdoor pool and fireplace along with four BBQ areas. Units have washer/dryers, tile flooring, granite islands in kitchen, built-in decks and, in select units, garages, garden bathtubs, as well as Juliet balconies. Greg Benjamin, senior vice president and Jeff DeHarty, associate producer arranged the financing for the borrower, a division of Weidner Investment Services, Inc. Ben Katon is vice president of finance and acquisitions and Kevin Colard is director of acquisitions.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
