Multifamily - Debt

NorthMarq Capital

NorthMarq secures $14 million refinancing for Canyon Crest Apartments in Riverside, California

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.