NorthMarq Capital’s Denver office secures $23.15 million bridge loan for Legacy Trails Apartments in Centerville, Utah
Legacy Trails Apts
DENVER (May 25, 2017) – NorthMarq Capital’s Denver office arranged a bridge loan of $23,150,000 for Legacy Trails Apartments located at 1300 West Parrish Lane in Centerville, Utah. The recently constructed community consists of 164 residential units contained in seven three-story buildings. The property features a clubhouse, 24-hour fitness center, outdoor pool/spa, basketball court and covered parking. All units have washer/dryers.
Mark Jeffries, vice president and Dave Bolt, investment analyst arranged the financing for the Utah-based borrower.
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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.
