September 23, 2015

NorthMarq Capital’s San Diego office arranges acquisition financing of $13.61 million for two Colorado office properties

Colorado Office Properties

Debt & Equity

Multi-Tenant

SAN DIEGO (September 23, 2015) – Doug Austin, senior vice president/senior director of NorthMarq Capital’s San Diego office arranged acquisition financing for two Colorado office properties totaling $13.61 million. One Park Centre: This 67,053 sq.ft. office property located in Westminster, Colorado received acquisition financing of $6.61 million. The transaction was structured with a 10-year term with 3-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its conduit relationship with CMBS lender. Highland Court: This 92,824 sq.ft. class “A” office property located in Centennial, Colorado received acquisition financing of $7 million. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing, which closed in 40 days, for the borrower through its correspondent relationship with a life insurance company.

Available Office properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.