NorthMarq Capital arranges $16.24 million in acquisition financing for the Pines at Broadmoor Bluffs in Colorado Springs, Colorado
Pines at Broadmoor Bluffs
DENVER (December 15, 2015) – NorthMarq Capital’s Denver office arranged acquisition financing of $16.24 million for the condominium-quality Pines at Broadmoor Bluffs located at 5 Watch Hill Drive in Colorado Springs Colorado. The community, constructed in 1987 with extensive unit renovations within the last five years, consists of 108 units contained in 26 buildings. Amenities include garages, outdoor pool, spa, clubhouse with fitness room and 2nd floor community/TV room with kitchen. Units feature patio or balcony with storage, 9’ or vaulted ceilings, central A/C, washer/dryers and fireplaces. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program. Steve Koeneke, senior vice president, Dave Link, managing director and Jon Hiller, assistant vice president arranged the financing for the borrower, a long-term client of the Denver office.
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.
