Student Housing - Debt

Northmarq completes $8 million refinance of student housing portfolio in Boulder, Colorado

ST. LOUIS, MISSOURI (January 18, 2022) – David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis debt/equity team arranged the $8 million refinance of Boulder Student Housing Portfolio. The B-quality portfolio, built in 1975, consists of 42 combined units located at 825, 845, & 865 30th St., 2990 E. Aurora Ave., 955 16th St., and 4500 Laguna and Boulder, Colorado. The transaction was structured with a 20-year term on a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.