NorthMarq Capital arranges $4.325 million second mortgage for Axis at Nine Mile Station in Denver
Axis at Nine Mile Station
DENVER (January 2, 2014) – John M. Stewart, senior vice president of NorthMarq’s Denver regional office arranged a second mortgage of $4.325 million for Axis at Nine Mile Station, a 336-unit multifamily community located at 3257 S. Parker Road in Denver, Colorado. Financing for the transaction was structured with a 7-year term and 30-year amortization rate. NorthMarq arranged financing for the borrower, Security Properties, Inc., through its seller/servicer relationship with Freddie Mac. Constructed in 1980 with renovations in 2008-2009, the property consists of four, seven-story buildings with underground parking in each. Property amenities include two pools, a media room/business center, two fitness centers, racquetball, tennis, and basketball courts and an outdoor dining terrace and dog park. Unit amenities include spacious floor plans with private balconies/patios, crown molding and wood-burning fireplaces. Select units also have downtown/Front Range views.
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.
