NorthMarq Capital arranges acquisition financing for The Pinnacle Apartments in Colorado Springs, Colorado
The Pinnacle in Colorado Springs
KANSAS CITY (June 16, 2014) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office secured the acquisition financing of The Pinnacle Apartments, a 300 unit multifamily property located at 6416 Honey Grove, Colorado Springs, Colorado. The transaction was structured with a 10-year term with 4-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS platform.
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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.
