TODAY’S DEALS: NorthMarq Arranges $41M Construction/Permanent Loan for 117-Unit Senior Living Community, and Other Transactions

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By Anuradha Kher, Online News EditorDenver–The Denver regional office of NorthMarq Capital has arranged a $41 million construction/permanent loan for The Carillon at Boulder Creek, a 117-unit senior living community located at 2525 Taft Dr. in Boulder, Colo. It is a nine-story building currently being renovated to feature 54 senior residential units, as well as […]

By Anuradha Kher, Online News EditorDenver–The Denver regional office of NorthMarq Capital has arranged a $41 million construction/permanent loan for The Carillon at Boulder Creek, a 117-unit senior living community located at 2525 Taft Dr. in Boulder, Colo. It is a nine-story building currently being renovated to feature 54 senior residential units, as well as construction of 63 new units on ground previously occupied by a one-story skilled nursing wing. The property will be operated by One Eighty/Leisure Care with amenities including a full service restaurant, outdoor garden and walking path, spa/salon, gym and an indoor lap pool. The property will also feature a theatre and game/activity room, concierge service, business center, medical/dietary assistance, laundry/housecleaning services and full kitchens in all the units.Monem Corp. Acquires 16-Unit Rental Community for Over $2MLos Angeles–Monem Corp. has acquired a 16-unit multifamily community located at 620 N. Sweetzer in Los Angeles for $2,075,000. Monem paid all cash for the property, which was originally listed for $2.65 million.Rueben Robin of The Robin Group represented Monem Corp. and the seller in the transaction.“We were able to acquire this property because of our ability to pay all cash and close escrow in two weeks,” says Danny Monempour, president of Monem. “We will continue to be actively looking to acquire multifamily properties in the Los Angeles area.”Built in 1929, 620 N. Sweetzer is 100 percent leased and features eight one-bedroom/one-bathroom units, six two-bedroom/one-bathroom units and two studio units. Currently, rents average $900 per month.

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