DENVER–NorthMarq's Denver regional office arranged transactions for two properties, Heights on Huron and Knoll Crest Apartments, for a total of $33.12 million in financing. John Stewart, senior vice president, arranged the deal.
Heights on Huron, located at 10648 Huron Street in Northglenn, CO, is a conventional market, multi-family community that consists of 252 units contained in 21 residential buildings. Acquisition financing of $13.12 million was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
The community's amenities include three outdoor heated swimming pools, laundry rooms, BBQ area, a playground and easy access to Hugh Danahy Park and a lake across the street. Units feature area conditioning and walk-in closets.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
