Retail - Debt

NorthMarq Capital’s Denver office arranges $2.1 million refinancing for Lambertson Lakes Shopping Center – Phase I in Thorton, Colorado

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.