NorthMarq Capital arranged financing of $7 million for Bancorp Plaza in Colorado Springs, Colorado
Bancorp Plaza
DENVER (MARCH 18, 2013) - NorthMarq’s Denver regional office arranged a $7 million permanent loan for Bancorp Plaza located at One South Nevada Avenue in Colorado Springs, Colorado. The two-story, multi-tenant office building was significantly renovated in 2008 and is the headquarters for Central Bank and Trust. The building contains approximately 56,115 sq. ft. and includes a covered parking area for 33 cars. Bancorp Plaza is located on a .85 acre site at the southeast corner of South Nevada Avenue and East Colorado Avenue in the downtown area. Steve Bye, Executive Vice President and Senior Managing Director; and Jon Hiller, Investment Analyst, arranged the financing for the borrower, Bancorp Plaza LLC.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
