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.
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