NorthMarq Capital’s San Diego office completes $6 million refinance of The Presidio in Colorado Springs, Colorado
The Presidio
SAN DIEGO (April 8, 2015) – Doug Austin, senior vice president/senior director of NorthMarq Capital’s San Diego based regional office arranged the $6 million refinance of The Presidio, an 81,222 sq.ft. office property located at 1155 Kelly Johnson Boulevard in Colorado Springs, Colorado. The transaction was structured with a 7-year term with 4-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “This is a premier repeat borrower with whom we have completed numerous transactions,” said Austin.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
