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