NorthMarq Capital arranges acquisition financing of $4.3 million for Whispering Pine Apartments in Colorado Springs, Colorado
Whipsering Pines Apts
DENVER (March 28, 2014) – Gregory T. Benjamin, senior vice president and Jeff DeHarty, investment analyst of NorthMarq Capital’s Denver based regional office arranged acquisition financing of $4,315,000 for Whispering Pines Apartments, located at 3030 East Fountain Blvd. in Colorado Springs, Colorado. Financing for the transaction was structured with a 3-year term and 25-year amortization schedule and was arranged on behalf of the borrower by NorthMarq through its relationship with a regional bank. Constructed in 1969, the community consists of 207 units (1-3 bedroom floor plans) in 10, three-story buildings. Amenities include an outdoor swimming pool, spa/hot tub, playground and clubhouse.
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.
