(To read more on the multifamily market, click here, and to read more on the debt and equity markets, click here.)

COLRADO SPRINGS-An entity created by Griffis Blessing Inc., an investor in apartment communities here, recently received $25 million in permanent financing for its Bella Springs Apartments. The financing was arranged by the Denver regional office of NorthMarq Capital Inc. The loan included $4.5 million in mezzanine for the apartment community located at 1050 Milano Pt.

The multifamily property, built in 2002, includes 364 units in 22 buildings. Project amenities consist of two resort-style swimming pools, indoor and outdoor spas, attached garages, a business center, fitness center and a stadium-seating theater. General apartment amenities include gas fireplaces, nine-foot ceilings, ceiling fans, garden tubs, separate glass showers and full-size washer/dryer connections.

Steve Koeneke, senior director, and Dale Stewart, investment analyst of NorthMarq’s Denver office, arranged the financing for Griffis Blessing. Griffis Blessing, a holding company, creates entities to own specific properties. It also manages properties. NorthMarq, a national real estate investment banker headquartered in Minneapolis with 28 regional offices coast-to-coast, provides commercial real estate debt and equity financing and commercial loan servicing.

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