February 22, 2020
Prime Rate
4.75%
1.63%
1.49%
1.42%

As uncertainty looms, retail investors seek to lock more than just interest rate

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Cooper Williams Wins NAIOP 2018 Trailblazer Award

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Featured Image for Essex Financial Group Newsletter - January 2019

Essex Financial Group Newsletter - January 2019

Below you will find the January 2019 edition of the Essex Financial Group Newsletter. Please use full screen mode for best results. 

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Featured Image for Essex Arranges $11.5M Financing for Coal Mine Retail Center

Essex Arranges $11.5M Financing for Coal Mine Retail Center

Coal Mine Retail Center is a 122,446 sf grocery-anchored retail center located in Littleton, CO. The property was most recently renovated in 1988 and major tenants include King Soopers, ACE Hardware, Goodwill, and US Bank. Prompted by a recent lease extension by the grocery store tenant at a higher rental rate, the Borrower wanted to re-finance the current debt on the property to lock in a competitive interest rate for a longer term. The prior debt on the property matured in 2023, therefore, the refinance triggered a prepayment penalty. In addition to sourcing quotes from both life insurance companies and CMBS lenders, Essex was able to strategize with the existing...

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