NorthMarq Capital’s Denver office arranges $7,975,000 permanent financing for Copper Stone Apartments in Colorado Springs, Colorado

Copper Stone Apts

Debt & Equity

Multi-Tenant

DENVER (November 4, 2016) – Greg Benjamin, senior vice president and Chris Bailey, investment analyst of NorthMarq Capital’s Denver office, arranged a permanent financing of $7.975 million for Copper Stone Apartments, a multifamily property located at 2827 East Pikes Peak Avenue in Colorado Springs, Colorado. NorthMarq arranged financing for the borrower, a division of Weidner Apartment Homes, a Seattle-based, privately-held owner of multiple multifamily properties. Ben Katon, vice president of finance and acquisitions and Kevin Colard, director of acquisitions, represented Weidner. Constructed in 1964, the community consists of 124 units contained in eight, three-story buildings. Project amenities include a clubhouse, swimming pool, and eight laundry rooms. Units feature black appliance package kitchens with built-in microwaves, faux-wood flooring, granite countertops, new cabinetry and patio and/or balcony.

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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.