Multifamily - Debt

NorthMarq’s Denver office arranges $7.12 million bridge loan for Cross Keys and Woodbridge Apartments in Lexington, Kentucky

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.