NorthMarq Capital’s Denver office arranges $3 million financing for Arbor Point Apartments in Houston, Texas
DENVER (August 3, 2016) – NorthMarq Capital’s Denver office arranged a permanent loan of $3 million for Arbor Point Apartments located at 1812 South Park View Drive in Houston, Texas. The multifamily community, constructed in 1985, consists of 65 units contained in contained in 13, 2-story buildings. Community amenities include controlled access, carports and outdoor pool. Units feature washer/dryer hookups, fireplace, vaulted ceilings and patio or balcony. Paul Bruder, vice president, arranged the financing for the Colorado-based borrower through NorthMarq’s correspondent relationship with a life insurance company.
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.
