NorthMarq secures $14 million refinancing for Canyon Crest Apartments in Riverside, California
DENVER, COLORADO (January 15, 2018) – NorthMarq’s Denver office arranged a refinancing of $14,000,000 for Canyon Crest Apartments, located at 1550 Central Avenue in Riverside, California. Constructed in 2004, the community consists of 106 units contained in five, three-story buildings. Amenities include: controlled, gated access, clubhouse, fitness and business centers, pool and spa, picnic areas, as well as carports and garage parking.
Paul Bruder, senior vice president, arranged the non-recourse financing for the borrower through one of NorthMarq’s correspondent life insurance companies.
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.
