WHITE PLAINS, NEW YORK (March 12, 2019) – Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office collaborated with a David Link, senior vice president/managing director of NorthMarq’s Denver-based regional office to secure the $5.6 million refinance of UCHealth Emergency Room, a 7,748 sq. ft. medical office property located at 15240 West 64th Avenue in Arvada, Colorado. The transaction was structured with a 17.5-year fully-amortizing term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. University of Colorado Hospital Authority represents the property’s major tenant.
“Financing was provided on a long-term self-amortizing basis to satisfy the owner’s 1031 needs,” explained Ranieri.