NorthMarq Capital arranges $7 million preferred equity for The Ridge at Thornton in Thornton, Colorado
The Ridge at Thornton
DENVER (November 4, 2015) – NorthMarq Capital’s Denver office arranged a preferred equity investment of $7 million from a private equity fund for The Ridge at Thornton, a 280 unit multifamily development currently under construction. The project is located at the northwest intersection of 100th Avenue and Colorado Boulevard in Thornton, Colorado. The site is also situated adjacent to the proposed N Line RTD light rail station, which is expected to be operational by 2018. The community will consist of two sites which will share common amenities including a clubhouse, pool and exercise facility centrally located within the property. The overall development will include a mixture of 18 two and three-story buildings with 180 attached garages. The unit mix will comprise 140 one bedroom, 120 two bedroom and 20 three bedroom units. The initial units will be delivered for occupancy in early 2016. The equity investment was arranged for the developer, Real Capital Solutions. Steve Bye, executive vice president and senior managing director; and Conor McCahill, investment analyst, arranged the financing for the borrower. About Real Capital Solutions Real Capital Solutions, based in Louisville, Colorado, is a private equity real estate company with assets under management of over $1 billion. The company owns and operates multifamily, single family residential, condominiums, retail, industrial, commercial, and office assets. RCS focuses on value-add and development investments throughout the U.S. and abroad.
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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.
