NorthMarq Capital arranged refinancing of $24 million for Cherry Creek Club Apartments in Glendale, Colorado
Cherry Creek Club Apts
DENVER (January 31, 2013) - NorthMarq’s Denver regional office arranged refinancing of $24,000,000 for Cherry Creek Club Apartments located at 5001 East Mississippi Avenue in Glendale, Colorado. Constructed in 1972 and 1974 with major renovations in 1995 and 2012, the community consists of 561 units (from 450 to 950 sq. ft.) in six, four-story and three, five-story buildings. The five-stories are centered around a large, attractive pond. Community amenities feature an outdoor pool, clubhouse, fitness center, tennis courts, playground, laundry facilities in all buildings, and controlled building access. Some covered parking is also available. Greg Benjamin, senior vice president; and Dan Lucchesi, investment analyst; arranged the refinancing for the borrower, a division of Weidner Investment Services, Inc., a Seattle-based, privately-held owner of multiple multi-family properties. Ben Katon is Vice President of Finance & Acquisitions and Kevin Colard is Senior Acquisitions Manager.
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.
