NorthMarq’s Denver office arranges $7.9 million refinancing of Centennial Tech Center in Centennial, Colorado
Centennial Tech Center
DENVER, COLORADO (February 13, 2020) – Mark Jeffries, vice president of NorthMarq’s Denver office secured the $7.9 refinancing of Centennial Tech Center. The 81,946 sq. ft. property is located at 6912 South Quentin Street in Centennial, Colorado.
“Recapitalization of existing debt structure to provide 10-yr fixed rate financing and cover costs for upcoming renewals/expansion. The loan was challenging due to near-term lease expirations and required creative structuring,” said Jeffries.
Financing Details:
- 10-year term (5-years of interest only payments)
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a CMBS lender.
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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.
