DENVER, COLORADO (June 10, 2022) – Brian Fisher, senior vice president in Northmarq’s Denver debt/equity office, arranged acquisition financing of $4.55 million for Brookside Apartments. The 39-unit multifamily property (originally built in 1955) is located at 418-432 East Brookside Street in Colorado Springs, Colorado. Northmarq arranged the bridge loan for the borrower through its relationship with regionally-based investment firm.
Apartment amenities include: Heating, smoke-free environment, dishwasher, disposal and refrigerator. Community amenities include: Lush landscaping, laundry on-site, and on-call maintenance. The property offers easy access I-25, Coloardo StateHWY-115, HWY 24 and other commuter channels. Three institutions of higher learning are within a 5.5 mile drive. Residents looking for a natural reprieve from the urban lifestyle can access five parks in less than a 10 minute drive, including: Bear Creek Regional Park (3.8 miles), Bear Creek Natural Center (4.4 miles), Monument Valley Park (4.8 miles), Cheyenne Mountain Zoo (4.9 miles) and North Slope Recreation Area (5.1 miles).
Located in the Stratton Meadows neighborhood, residents of Brookside Apartments find themselves nestled between three commercial centers with grocery stores, big box department stores, restaurants and other retail/entertainment opportunities. With tree-lined streets, this neighborhood offers a unique blend of affordable apartments alongside mid-range to upscale single-family homes for rent.