NorthMarq secures $14 million refinancing for Canyon Crest Apartments in Riverside, California
Canyon Crest Apts
DENVER, COLORADO (January 15, 2018) – NorthMarq’s Denver office arranged a refinancing of $14,000,000 for Canyon Crest Apartments, located at 1550 Central Avenue in Riverside, California. Constructed in 2004, the community consists of 106 units contained in five, three-story buildings. Amenities include: controlled, gated access, clubhouse, fitness and business centers, pool and spa, picnic areas, as well as carports and garage parking.
Paul Bruder, senior vice president, arranged the non-recourse financing for the borrower through one of NorthMarq’s correspondent life insurance companies.
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.
