DENVER (January 2, 2014) – John M. Stewart, senior vice president of NorthMarq’s Denver regional office arranged a second mortgage of $4.325 million for Axis at Nine Mile Station, a 336-unit multifamily community located at 3257 S. Parker Road in Denver, Colorado. Financing for the transaction was structured with a 7-year term and 30-year amortization rate. NorthMarq arranged financing for the borrower, Security Properties, Inc., through its seller/servicer relationship with Freddie Mac. Constructed in 1980 with renovations in 2008-2009, the property consists of four, seven-story buildings with underground parking in each. Property amenities include two pools, a media room/business center, two fitness centers, racquetball, tennis, and basketball courts and an outdoor dining terrace and dog park. Unit amenities include spacious floor plans with private balconies/patios, crown molding and wood-burning fireplaces. Select units also have downtown/Front Range views.
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.
