February 4, 2013

NorthMarq Capital arranges acquisition financing of $10.5 million for Villa Del Prado & Chateau Apartments in Boulder, Colorado

Villa Del Prado & Chateau Apts

Debt & Equity

Multi-Tenant

DENVER (February 4, 2013) - NorthMarq’s Denver regional office arranged acquisition financing of $10,500,000 for the Chateau Apartments and Villa del Prado (“Villa”) located at 565 and 635 Mohawk Drive, respectively, in Boulder, Colorado. Villa, constructed in 1974, consists of 50 units in three, two and three-story buildings. The property has controlled access entry, a heated parking garage, indoor pool, a spa & sauna, as well as clubhouse and fitness center. Units feature fireplaces and large patios or balconies. Constructed in 1968, Chateau has 32 units (all 2 bedroom/2 bath) in four, two-story buildings. The community has covered parking and a heated pool. Units contain large patios or balconies and fireplaces. Combined, there are a total of seven different floor plans with average unit sq. ft. of 1,191. John M. Stewart, Senior Vice President; and Ilan Reissner, Investment Analyst, arranged the financing for the borrowers.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.