(To read more on the multifamily market, click here, and to read more onthe debt and equity markets, click here.)
COLRADO SPRINGS-An entity created by Griffis Blessing Inc., aninvestor in apartment communities here, recently received $25million in permanent financing for its Bella Springs Apartments.The financing was arranged by the Denver regional office ofNorthMarq Capital Inc. The loan included $4.5 million in mezzaninefor the apartment community located at 1050 Milano Pt.
The multifamily property, built in 2002, includes 364 units in22 buildings. Project amenities consist of two resort-styleswimming pools, indoor and outdoor spas, attached garages, abusiness center, fitness center and a stadium-seating theater.General apartment amenities include gas fireplaces, nine-footceilings, ceiling fans, garden tubs, separate glass showers andfull-size washer/dryer connections.
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