NorthMarq Arranges $22M Permanent Loan for Newly Constructed Community
- Oct 07, 2010
Los Angeles– The Denver regional office of NorthMarq Capital arranged permanent financing of $22 million for The Metro Art Apartments located at 11771 Montana Avenue in the Brentwood District of West Los Angeles, Calif.
The recently constructed apartment facility features 62 luxury units, six different style floor plans and one to three bedrooms. Community amenities include controlled building access, private and gated underground parking, state-of-the-art fitness center and weight room. Unit amenities feature large balcony or patio, wood style laminate flooring, large gourmet open kitchens with maple cabinets, granite counters, under-cabinet lighting and stainless steel appliances. Master bathrooms have travertine counters as well as large oval soaking tub and separate shower. There are also washers/dryers in all units.
Paul Bruder, vice president and Chris Williams, senior investment analyst, arranged the financing for the borrower.