April 20, 2024
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Posts in Featured Transactions

Closed Loan Spotlight - Denver Airport Business Park

Essex Financial Group arranged a $9 million permanent loan for BD Omni #1, LLC, a Colorado limited liability company co-managed by H. Dean Properties and Benitez Asset Management, LLC to refinance Denver Airport Business Park, an industrial flex property located in the airport submarket of Denver, CO. BD Omni #1, LLC purchased the three-building portfolio totaling 91,500 square feet in 2014.Essex placed the $9M permanent loan with a national credit union in a cash-out refinance transaction. The 10-year loan features a competitive fixed interest rate with three years of interest-only, followed by a 30-year amortization. The loan is open to prepayment throughout the li...

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Closed Loan Spotlight - Interquest Park

Essex Financial Group has arranged a $34.275 million bridge loan to recapitalize 10125 & 10205 Federal Drive (“Interquest Park”) in Colorado Springs, CO for Flywheel Capital (“Flywheel”).  Loan proceeds are being used to refinance the existing debt, retire preferred equity in the capital stack, and provide additional leasing capital for Flywheel to complete its business plan.  Interquest Park consists of a 191,181 square foot office building and a 97,094 square foot industrial building, both of which were built for Quantum Corporation’s regional headquarters in 1998.  The concrete structures reside on 25.85 acres in Northern Colorado Springs and provide...

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Closed Loan Spotlight - Central Park Business Center

Essex Financial Group has arranged a $20 million construction loan for Confluent Development to develop the Central Park Business Center, a speculative infill industrial business park that will be located at the intersection of Interstate 70 and Central Park Boulevard.  The 243,950 square foot industrial park is scheduled to break ground in March 2021 and will feature two (2) Class A buildings that will be divisible down to 20,000 square foot bays.  Both buildings will offer a front-park, rear-load design with 60-foot speed bays, dock-high and drive-in loading, 28-foot clear heights, ESFR sprinklers, and a combined 248 parking spaces (over 1 space per 1,000 SF)....

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Essex Arranges $7.8MM in Financing for a Multi-Tenant Office Building

[Denver, June 29th, 2020]– Essex Financial Group (“Essex”) has secured $7,800,000 in financing for the Wheeler Block Building, a 33,125 square foot office building located in the Highlands neighborhood of Denver. Essex worked on behalf of the borrower, Centre Point Properties, to secure the 7-year, fixed-rate non-recourse loan. Constructed in 1892 and renovated in 2008, the Wheeler Block Building is a highly desirable small tenant office building and is a designated historic landmark of the City and County of Denver. The Property is currently 97.1% occupied by 23 tenants. The Building is brick and timber construction with historic architecture, and has an open, m...

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