NorthMarq Capital arranges $4.8 million refinancing for Broomfield Corporate Center in Broomfield, Colorado

Broomfield Corporate Center
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LOS ANGELES (December 20, 2013) – Robert R. Hervey, executive vice president/senior managing director of NorthMarq’s Los Angeles office and John M. Stewart, senior director of NorthMarq’s Denver office arranged refinancing of $4.8 million for the Broomfield Corporate Center, a 101,396 sq.ft. industrial property located at 11575 Main Street, Broomfield, Colorado. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. Major tenants at the plaza include: Impact Sports Performance, Retro-Leds, Corgenix, The Denver Post and Ball Aerospace & Technologies. “This loan provided permanent, fixed-rate financing to take out a floating rate bank loan,” said Hervey. “The sponsor previously closed with this lender on an acquisition within the last year which made the process run very smoothly.”

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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