Property Types Seniors Housing
June 10, 2009
The Denver regional office of NorthMarq Capital arranged a $41 million construction/permanent loan for The Carillon at Boulder Creek, a 117-unit senor living community located at 2525 Taft Drive in Boulder, Colo. The property consists of a nine-story building currently being renovated to contain 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. Steve Koeneke, senior director; and Dave Link, vice president, arranged the financing through NorthMarq’s FHA subsidiary, AmeriSphere, on behalf of the borrower, MGL Partners. MGL acquired the property in 2007 and broke ground at the beginning of May.
The Denver regional office of NorthMarq Capital arranged a $41 million construction/permanent loan for The Carillon at Boulder Creek, a 117-unit senor living community located at 2525 Taft Drive in Boulder, Colo. The property consists of a nine-story building currently being renovated to contain 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. Steve Koeneke, senior director; and Dave Link, vice president, arranged the financing through NorthMarq’s FHA subsidiary, AmeriSphere, on behalf of the borrower, MGL Partners. MGL acquired the property in 2007 and broke ground at the beginning of May.
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