NorthMarq’s Denver office arranges $7.12 million bridge loan for Cross Keys and Woodbridge Apartments in Lexington, Kentucky
Cross Keys & Woodbridge Apts
DENVER, COLORADO (April 11, 2019) – NorthMarq Capital’s Denver office arranged a bridge loan of $7,120,000 for The Cross Keys and Woodbridge apartment complexes which are located just three blocks from each other in Lexington, Kentucky and total a combined 166 units. Both complexes are in prime locations and within walking distance to retail, schools and mass transit.
Mark Jeffries, vice president, arranged the non-recourse financing for the borrower on a 3-year term and 82.5 percent LTC.
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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.
