SAN ANTONIO, TEXAS (June 20, 2019) – Bryan Leonard, senior vice president/managing director of NorthMarq’s San Antonio-based regional office secured the $26.3 million bridge loan for Creekside Business Park. The 257,266 sq. ft. office/flex property is located in Longmont, Colorado. NorthMarq arranged financing for the Borrower through its relationship with a Bridge/Mezzanine lender. The transaction was structured with an initial interest-only term.
“This was the second transaction NorthMarq arranged on behalf of the Borrower with this lender. The lender executed flawlessly in a compressed time frame and delivered a well-structured transaction that complimented the Borrower’s business plan,” said Leonard.