Multifamily - Debt

NorthMarq Capital arranged $5.27 million mortgage for Summerfield Condominiums in Aurora, Colorado

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.