April 2, 2014

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

Whipsering Pines Apts

Debt & Equity

Multi-Tenant

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.

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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