Real Estate Weekly
Image default
Debt & Equity

NGKF arranges $42M deal

NGKF Capital Markets has arranged and structured $42 million in senior debt financing and preferred equity for the acquisition of Antero Apartments, a 528-unit multihousing property in Colorado Springs, Colorado.

Freddie Mac, through Berkeley Point, provided the $37.7 million senior loan and ROC Debt Strategies provided $4.3 million of preferred equity, the proceeds of which RealSource will use to acquire and reposition the property.

NGKF Capital Markets Senior Managing Director Jordan Roeschlaub led the team, including Daniel Fromm and Stephen Helfrich, who served as the exclusive advisor to the borrower, RealSource Residential.

The property totals 437,280 square feet and includes 528 units with an average unit size of 828 square feet.

(Visited 1 times, 1 visits today)

Related posts

Macquarie funds $167M loan on Trinity’s 77 Greenwich

REW

Wharton piles into $200M Fabric funding round

REW

Slate funds $48M construction loan for New Rochelle development

REW