NorthMarq Capital’s Denver office secures $23.15 million bridge loan for Legacy Trails Apartments in Centerville, Utah
Legacy Trails Apts
DENVER (May 25, 2017) – NorthMarq Capital’s Denver office arranged a bridge loan of $23,150,000 for Legacy Trails Apartments located at 1300 West Parrish Lane in Centerville, Utah. The recently constructed community consists of 164 residential units contained in seven three-story buildings. The property features a clubhouse, 24-hour fitness center, outdoor pool/spa, basketball court and covered parking. All units have washer/dryers.
Mark Jeffries, vice president and Dave Bolt, investment analyst arranged the financing for the Utah-based borrower.
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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 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.
