Multifamily - Debt

NorthMarq Capital’s Denver office arranges $2,694,000 supplemental financing for The Ridge at Mountain View in Arvada, Colorado

DENVER (September 2, 2016) – Greg Benjamin, senior vice president and Mark Lindgren, investment analyst, of NorthMarq Capital’s Denver office arranged a supplemental mortgage of $2,694,000 for The Ridge at Mountain View, a multifamily project located at 7865 Allison Way in Arvada, Colorado. The supplemental mortgage, arranged for the borrower, Aukum Management, LLC, was through Freddie Mac and was structured with a 6-year term and 30-year amortization schedule.

Constructed in 1983, The Ridge at Mountain View consists of 168, one and two bedroom units contained in seven, 2-1/2 story buildings. Units feature a patio or balcony, fireplace, washer/dryer and air conditioning.

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.