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.
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.
