NorthMarq’s Denver office negotiates $40 million refinance for Metro Art in Sherman Oaks, California
Metro Art
DENVER, COLORADO (January 15, 2018) – NorthMarq’s Denver office arranged refinancing of $40,000,000 for Metro Art, a 112-unit apartment complex constructed in 2013. The community consists of one, three-story building with 19,061 sq. ft. of ground floor retail and a three-level subterranean parking garage. Amenities include a fitness center, pool, open-air courtyards, and lounge and rooftop terraces.
Paul Bruder, senior vice president, arranged the non-recourse financing for the borrower on a 10-year term through a major life insurance company.
About Northmarq
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.
