NorthMarq’s Denver office negotiates $40 million refinance for Metro Art in Sherman Oaks, California
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
