Industrial
Debt & Equity

NorthMarq Capital’s San Diego office arranges acquisition financing of $4.6 million for Garrison Business Park in Denver, Colorado

SAN DIEGO (March 21, 2016) – Aaron Beck, vice president of NorthMarq Capital’s San Diego based regional office arranged acquisition financing of $4.6 million for Garrison Business Park, a 49,000 sq. ft. light industrial/flex property located in Denver, Colorado. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The borrower requested a unique loan structure to satisfy 1031 exchange requirements. We were able to accommodate the request through our close relationship with a correspondent life insurance company that provided an initial funding of $2.6 million and a future funding in six-to-nine months for the balance of the total commitment,” said Beck. “The negotiated loan allowed the borrower to lock the rate at the time of application for both the initial and future fundings.”

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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Garrison Business Park
Debt
$4,600,000