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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
