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

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, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.