NorthMarq Capital’s San Diego office arranges acquisition financing of $13.61 million for two Colorado office properties
Colorado Office Properties
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.
About Northmarq
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.
