Multifamily - Debt

NorthMarq Capital arranges $30.45 million acquisition financing for Terra Vista at the Park Apartments in Littleton, Colorado

DENVER (Feb. 6, 2014) – John M. Stewart, senior vice president or NorthMarq Capital’s Denver regional office secured acquisition financing of $30.45 million for Aukum Management LLC’s purchase of Terra Vista at the Park Apartments, located at 5425 S. Federal Circle, Littleton, Colorado. Financing for the multifamily property was structured with a 7-year term and 30-year amortization schedule and was arranged for Aukum Management through NorthMarq’s seller/servicer relationship with Freddie Mac. Constructed in 1984, the property consists of 324-units in 16 two and three story buildings. Community amenities include a clubhouse, business and fitness centers, an outdoor pool, Jacuzzi and private pet walk area. Unit features include fireplaces, private balcony or patio, European-style fixtures and faucets, washer/dryers, ceiling fans and vaulted ceilings in select units.

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.