Multifamily - Debt

NorthMarq Capital arranges acquisition financing of $4.3 million for Whispering Pine Apartments in Colorado Springs, Colorado

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.

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.