NorthMarq Capital arranges $16.24 million in acquisition financing for the Pines at Broadmoor Bluffs in Colorado Springs, Colorado
Pines at Broadmoor Bluffs
DENVER (December 15, 2015) – NorthMarq Capital’s Denver office arranged acquisition financing of $16.24 million for the condominium-quality Pines at Broadmoor Bluffs located at 5 Watch Hill Drive in Colorado Springs Colorado. The community, constructed in 1987 with extensive unit renovations within the last five years, consists of 108 units contained in 26 buildings. Amenities include garages, outdoor pool, spa, clubhouse with fitness room and 2nd floor community/TV room with kitchen. Units feature patio or balcony with storage, 9’ or vaulted ceilings, central A/C, washer/dryers and fireplaces. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program. Steve Koeneke, senior vice president, Dave Link, managing director and Jon Hiller, assistant vice president arranged the financing for the borrower, a long-term client of the Denver office.
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.
