NorthMarq Capital’s Denver office arranges $7,975,000 permanent financing for Copper Stone Apartments in Colorado Springs, Colorado
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.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
