DENVER (September 7, 2016) – NorthMarq Capital’s Denver office arranged a Fannie Mae DUS refinancing of $21,500,000 for Colonial Square Apartments, located at 1616 156th Avenue NE in Bellevue, Washington. Constructed in 1969, the community consists of 153 residential units contained within one continuous rental building. Amenities include carports, indoor pool, fitness center, sauna/spa and sports courts.
Greg Benjamin, senior vice president and Mark Lindgren, investment analyst arranged the refinancing for the borrower, a division of Weidner Investment Services, Inc.
About Weidner Investment Services
Ben Katon is vice president of Finance & Acquisitions and Kevin Colard is director of Acquisitions. Founded in 1977, Weidner Apartment Homes is a privately-held real estate company that owes it success to their most important resource, their people. As of January 1, 2016 Weidner ranked 29th in the NMHC rankings. Apartment communities are located in 9 U.S. states and 4 provinces of Canada. In addition, the company owns and manages approximately 249,000 sq. ft. of commercial, retail and office space. Headquartered in Kirkland, Washington, Weidner’s commitment to delivering value drives their vision to distinguish the company as an industry leader in each of the markets within which they operate. For more information, please visit www.weidner.com.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in nearly $12 billion in annual production volume and a loan portfolio of more than $47 billion. For more information please visit www.northmarq.com.