Northmarq’s Denver office arranges refinancing of $55.5 million for One Club Gulf Shores Apartments in Gulf Shores, Alabama

One Club Gulf Shores Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Bridge/Mezz
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DENVER, COLORADO (December 15, 2021) – Michael Salzman, senior vice president/producer of Northmarq’s Denver office, refinanced One Club Gulf Shores Apartments for $55.5 million. The 417-unit multifamily property is located at 4000 Gulf Shores Parkway, Gulf Shores, Alabama. Northmarq arranged the two-year term refinancing for the client through a bridge lender. 

The property is located near shopping, restaurants and recreation, with a Target, Publix, movie theaters and One Club Golf Course are less than a mile away. The Alabama Gulf Coast Zoo is nearby (0.6 miles) as well as Craft Farms Golf Club (2.1 miles). Community amenities include: Short-term vacation rentals, pool, fitness center, sauna, and free Peleton bike classes. Apartment amenities include: In-unit washer and dryer, modern kitchen, and spacious bathrooms.

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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.
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