NorthMarq Capital arranged $5.27 million mortgage for Summerfield Condominiums in Aurora, Colorado
Summerfield Condominiums
PHOENIX – NorthMarq Capital's Phoenix-based regional office, arranged acquisition financing of $5.27 million for Summerfield Condominiums located at 3500-3610 S. Zeno Way in Aurora, Colorado. The asset is a 65,775 sq. ft., 61-unit class "A" fractured condominium community that was acquired through a short sale scenario. Financing was based on an 18-month interest-only term thereafter a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, SPRE Summerfield Condos, LLC, through its relationship with a regional bank. “The financing provided a structure that will allow our client to stabilize cash flows and maximize asset value,” said Donahue.
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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.
