Four Points Scores Refis on Two Grand Junction Rental Assets
Newmark arranged approximately $45.9 million in FHA-insured financing for two recently developed Class A multifamily communities in Grand Junction, Colorado: Nexus Apartments, a 122-unit property, and The Eddy Apartments, a 96-unit property. Newmark’s Kelley Klobetanz arranged the HUD Section 223(f) financings on behalf of the borrower, Four Points Funding, which also developed the two projects.
Completed in 2024, Nexus Apartments is a market-rate multifamily community comprising a mix of walk-up apartment buildings and townhome-style residences. The property features a clubhouse, lounge, game room, community garden, barbecue area and outdoor gathering spaces.
Completed in 2022, The Eddy Apartments is located along the Colorado River with Class A residences and amenities. The property offers residents direct access to the riverfront trail system connecting to Las Colonias Park, as well as amenities through a shared-use agreement with the adjacent Camp Eddy RV park, including a clubhouse, fitness center, community room and outdoor patio.
Other News
Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
Learn more
CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
Learn more
Northmarq Arranges $96M Refi on SoCal Apartment Portfolio
Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout