January 21, 2016

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

Boulder Hill Retail Building

Debt & Equity

Multi-Tenant

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.”

Available Retail (MT) properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.