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