Northmarq completes $8 million refinance of student housing portfolio in Boulder, Colorado
ST. LOUIS, MISSOURI (January 18, 2022) – David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis debt/equity team arranged the $8 million refinance of Boulder Student Housing Portfolio. The B-quality portfolio, built in 1975, consists of 42 combined units located at 825, 845, & 865 30th St., 2990 E. Aurora Ave., 955 16th St., and 4500 Laguna and Boulder, Colorado. The transaction was structured with a 20-year term on a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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