Office - Debt

NorthMarq Capital’s San Diego office completes $6 million refinance of The Presidio in Colorado Springs, Colorado

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 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.