December 15, 2015

NorthMarq Capital arranges $4.7 million refinancing for Cottonwood Square in Niwot, Colorado

Cottonwood Square

Debt & Equity

Multi-Tenant

DENVER (December 15, 2015) – NorthMarq Capital’s Denver office arranged a $4.7 million permanent loan for Cottonwood Square Shopping Center located at 7960 Niwot Road in Niwot, Colorado. Constructed between 1972 and 1999, the five building, 41,264 sq. ft. property, also includes a two-story, multi-tenant office building totaling 14,658 sq. ft. The property is 97 percent leased to 31 tenants. Steve Bye, executive vice president and senior managing director and Conor McCahill, investment analyst arranged the refinancing for the borrower, a long-term client of the Denver office. “It was important for the borrower to obtain a non-recourse loan for a term of 10 years with interest-only payments for three years, followed by a 30-year amortization period. The loan was arranged with a CMBS lending source,” said Bye.

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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.

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