Senior Housing - Debt

NorthMarq Capital arranges permanent financing of $23.7 million for Colonial Gardens in Beverly, Massachusetts

DENVER (March 1, 2013) – NorthMarq’s Denver regional office completed a $23.7 million loan on Colonial, Gardens, a 173-unit independent living facility located in Beverly, Massachusetts outside of Boston. The property was recently completed and is 98% occupied. It is owned and operated by Hawthorn Retirement Group. Gordon Mickelson, Senior Vice President; and Brock Yaffe, Assistant Vice President; arranged the financing through one of NorthMarq’s correspondent life insurance companies.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.

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