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DENVER-The regional office of NorthMarq Capital Inc. has arranged a $24-million permanent loan for the Monterey Apartment Homes in the city.Monterey is a 332-unit apartment community at 4601 S. Balsam Way. The loan equates to $76,923 per unit or $77.16 per sf.

The 311,040-sf apartment complex consists of 19 two and three-story buildings constructed in last year and this year. Gordon Mickelson, Steve Koeneke and Terri Odenweller of NorthMarq’s local office, arranged the financing through one of NorthMarq’s life correspondents on behalf of the borrower, PR X LLC, an affiliate of WhiteCo Residential.

NorthMarq Capital Inc. is a national real estate investment banker providing financing for commercial real estate including office, retail, industrial, multifamily and assisted living development.

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