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