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