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