NorthMarq Capital’s Denver office arranges $5,291,000 supplemental financing for the Ranch at Bear Creek in Lakewood, Colorado

Ranch at Bear Creek
265816a9-a431-49e4-939b-08ef5a92e381.jpg

DENVER (September 2, 2016) – Greg Benjamin, senior vice president and Mark Lindgren, investment analyst of NorthMarq Capital’s Denver office, arranged a supplemental mortgage of $5,291,000 for The Ranch at Bear Creek located at 3324 South Field Street in Lakewood, Colorado. The supplemental mortgage, arranged for the borrower, Aukum Management, LLC, was through Freddie Mac and was structured with a 6-year term and 30-year amortization schedule. Constructed in 1973, The Ranch at Bear Creek consists of 201, one, two and three bedroom units contained in 26, two-story buildings. The community features a clubhouse, business center, two outdoor pools, playground and a newly built separate fitness facility. Units feature a patio, fireplace, washer/dryer and air conditioning.

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.

Image
NM Web Icon News Black

Stay on top of industry research