NorthMarq Capital arranges $29.25 million in financing for Andalucía Villa Apartments in Odessa, Texas
Andalucía Villa Apts
DENVER (July 15, 2015) – NorthMarq Capital’s Denver office arranged financing of $29.25 million for Andalucía Villa Apartments located at 5075 E. 52nd Street in Odessa, Texas. Constructed in 2012-2013, the community consists of 402 units contained in 17, two and three-story residential buildings. Property amenities include gated access, business and 24-hour fitness centers, putting green, bocce ball court, splash pad, three onsite dog parks, outdoor pool and fireplace along with four BBQ areas. Units have washer/dryers, tile flooring, granite islands in kitchen, built-in decks and, in select units, garages, garden bathtubs, as well as Juliet balconies. Greg Benjamin, senior vice president and Jeff DeHarty, associate producer arranged the financing for the borrower, a division of Weidner Investment Services, Inc. Ben Katon is vice president of finance and acquisitions and Kevin Colard is director of acquisitions.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
