NorthMarq Capital arranges $22.45 million acquisition of RidgePointe Apartments located in Colorado Springs, Colorado
RidgePointe Apts
DENVER (December 5, 2013) – Steve Koeneke and Dave Link, senior directors of NorthMarq’s Denver regional office arranged acquisition financing of $22.45 million the RidgePointe Apartments, a 240 unit, thirteen building multifamily community located at 13631 Shepard Heights, Colorado Springs, Colorado. Financing for the transaction was structured with a 10-year term with some interest only during the term and 30-year amortization rate. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. Community amenities include business and fitness centers, a theatre, swimming pool and Jacuzzi, tanning bed and playground. Each unit contains 9’ vaulted ceilings, private balconies or window seats. “NorthMarq arranged financing for the borrower, a highly-regarded Colorado Springs-based commercial real estate firm, with whom NorthMarq has had a longstanding relationship,” said Koeneke.
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.
