January 16, 2021
Prime Rate

Posts in Recent Transactions

Essex December Loan Closings

Essex is happy to announce a strong finish to a very difficult year. In the month of December 2020, Essex Financial Group closed five (5) transactions totaling $107 million. All five properties were located in the Denver-Boulder MSA and included both industrial and office properties. The closings featured insurance company and CMBS executions. One of the transactions was a non-recourse bridge loan from a life insurance company, a space where more and more insurance companies are trying to compete. We are encouraged by this activity in the capital markets and will continue being optimistic as we ring in the New Year. We would like to wish everyone a happy an...

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Essex Closes 4 Loans in the Final Weeks of July

Essex Financial Group closed four (4) transactions totaling $23 million in the final weeks of July. The loans financed a mix of asset types, including industrial, multifamily, and office. Since the initial shock of COVID, Essex has seen insurance companies adapt to the current environment, resulting in an uptick in lending activity in the last few months. A summary of the four transactions is as follows:Summit at CTC II - Essex arranged a $5,200,000 permanent loan on a newly constructed 41,000 square foot Class A industrial building in the Colorado Technology Center (CTC). The new loan refinanced the existing construction loan and was placed with a national life insura...

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