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.