Northmarq’s Denver office arranges refinancing of $55.5 million for One Club Gulf Shores Apartments in Gulf Shores, Alabama

One Club Gulf Shores Apts
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DENVER, COLORADO (December 15, 2021) – Michael Salzman, senior vice president/producer of Northmarq’s Denver office, refinanced One Club Gulf Shores Apartments for $55.5 million. The 417-unit multifamily property is located at 4000 Gulf Shores Parkway, Gulf Shores, Alabama. Northmarq arranged the two-year term refinancing for the client through a bridge lender. 

The property is located near shopping, restaurants and recreation, with a Target, Publix, movie theaters and One Club Golf Course are less than a mile away. The Alabama Gulf Coast Zoo is nearby (0.6 miles) as well as Craft Farms Golf Club (2.1 miles). Community amenities include: Short-term vacation rentals, pool, fitness center, sauna, and free Peleton bike classes. Apartment amenities include: In-unit washer and dryer, modern kitchen, and spacious bathrooms.

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.