Retail - Debt

NorthMarq Capital’s Denver office arranges $2.55 million financing for Boulder Hill Retail building in Boulder, Colorado

DENVER (January 21, 2016) – NorthMarq Capital’s Denver office arranged permanent financing of $2,550,000 for Boulder Hill Retail building located at 1089 13th Street in Boulder, Colorado. The property is located on “The Hill,” a popular retail district adjacent to the campus of the University of Colorado. The 9,301 sq. ft. building, constructed in 1950, was originally built as a theater but since converted to retail space, which is 100 percent leased to five tenants.

Steve Bye, executive vice president/senior managing director and Mark Lindgren, investment analyst arranged the financing with an insurance company correspondent lender.

“The non-recourse loan was structured with a term of 17 years with a 17-year amortization schedule,” said Bye. “The interest rate was set at 4.15% for the entire 17 year term of the loan.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.