Mixed Use - Debt

NorthMarq Capital

NorthMarq Capital’s Denver office arranges $7.2 million refinance of Eliot Center in Denver, Colorado

DENVER (January 3, 2018) – Jeff DeHarty, vice president of NorthMarq Capital’s Denver regional office, negotiated the $7,200,000 refinance of a mixed-use property located in Denver, Colorado. The transaction was structured on a 10-year loan-term with two years interest-only. NorthMarq secured financing for the borrower, Adams Development, through its relationship with Goldman Sachs. “Adams Development did an excellent job of delivering an extremely high quality project,” said DeHarty. “Eliot Center contains 20 multifamily units and just over 7,200 sq. ft. of commercial space. Featuring a rooftop deck and below grade structured parking, Eliot Center is well positioned to serve the residents of the rapidly growing Jefferson Park neighborhood, located minutes from downtown Denver.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.