November 25, 2013

NorthMarq Capital arranges $1.535 million refinance for Adobe Court in Colorado Springs, Colorado

Adobe Court

Debt & Equity

Multi-Tenant

DENVER (November 25, 2013) – Greg Benjamin, senior vice president and Jeff DeHarty, investment analyst of NorthMarq’s Denver regional office arranged refinancing of $1.535 million for Adobe Court, an industrial property located at 3302-3368 Adobe Court, Colorado Springs, Colorado. Financing for the transaction was structured with a 10-year term and 25-year amortization rate. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The property consists of two single-story, multi-tenant flex/warehouse buildings totaling 59,500 sq.ft.,” said Benjamin.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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