Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges acquisition financing of $5.34 million for Cherry Tree Apartments in Denver, Colorado

DENVER (October 9, 2018) – Jeff DeHarty, vice president of NorthMarq Capital’s Denver regional office, arranged acquisition financing of $5.34 million for Cherry Tree Apartments, a 49-unit multifamily property located in Denver, Colorado. The bridge loan was structured with a 2-year interest-only term. NorthMarq arranged financing for the borrower, Cherry Tree Apartments, LLC, through its relationship with Ladder Capital.    

“NorthMarq Capital was pleased to be involved in securing acquisition financing for our client, The Situs Group,” said DeHarty. “Cherry Tree Apartments offers a significant value-add opportunity for our client, who has a successful track record of executing on similar multifamily repositionings.” 

 

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 $55 billion and the multi-year tenure of our more than 500 people.