NorthMarq Capital’s Denver office arranges $2.1 million refinancing for Lambertson Lakes Shopping Center – Phase I in Thorton, Colorado
Lambertson Lakes Shopping Center
DENVER (March 16, 2015) - NorthMarq Capital’s Denver office arranged a $2.1 million permanent 10-year loan for Lambertson Lakes Shopping Center, Phase I, located at 871-887 Thornton Parkway in Thornton, Colorado. Constructed in 2004, the inline retail center totals 13,465 sq.ft. and is shadow-anchored by a 55,000 square foot Safeway grocery store (not part of the collateral). Steve Bye, executive vice president/senior managing director and Brian Fisher, investment analyst, arranged the refinancing for the borrower, a long-term client of the Denver office. Bye added the following comments about the financing assignment: “The property was financed via a CMBS loan, which enabled the borrower to obtain a 30 year amortization on a non-recourse basis. The proceeds, which were based upon a 75 percent loan-to-value ratio, enabled the borrower to monetize equity that had been created over many years.”
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.
