Office - Debt


NorthMarq’s Denver office arranges $7.9 million refinancing of Centennial Tech Center in Centennial, Colorado

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.

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.