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.
– 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.