Northmarq completes $8 million refinance of student housing portfolio in Boulder, Colorado
Student Housing Portfolio
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.
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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.
