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. 

“The borrower is an experienced Denver-based commercial real estate developer and investor for whom NorthMarq has arranged other loans,” said Stewart.

Knoll Crest Apartments, located 207 George Street, Middleton, CT, was refinanced for $20 million. The conventional market, multi-family community consists of 156 units contained in five, three-story residential buildings.

Property amenities included a clubhouse and a heated outdoor swimming pool. Units feature stainless steel appliances, washer/dryer, and fireplaces in select units, nine foot ceilings and patios.