October 19, 2019
Prime Rate

Featured Image for Cooper Williams Closes Out Over $32.9 Million in Debt in June 2018

Cooper Williams Closes Out Over $32.9 Million in Debt in June 2018

Essex Financial Group is the #1 originator of life insurance company debt in Colorado.  Below is a sampling of recent life insurance company loans that were originated and closed by Cooper Williams in June 2018. Arvada HGI - $16,800,000The Arvada Hilton Garden Inn (Arvada HGI) is a newly-constructed, 139-room limited-service hotel located in Arvada, CO.  Arvada HGI opened in March 2017 and has seen tremendous success, catering to both business travelers and tourists.  The limited-service hotel is located only a few blocks from Old Town Arvada and the Arvada Gold Line, which will provide light rail service to downtown Denver by 2018.   Esse...

Read More

Featured Image for Life companies aggressively seek multifamily

Life companies aggressively seek multifamily

Life insurance companies continue to show a strong appetite for commercial mortgages as a piece of their investment allocation. In 2017, life insurance companies originated over $61 billion of commercial mortgage debt, and feedback from our correspondent life insurance company lenders indicates that this appetite will continue through 2018. However, there is a trend toward more conservative, lower-risk loans as we move into the latter stages of the current economic cycle. For life insurance companies, that means two things: first, a focus on low-leverage transactions (sub-65 percent loan to value); and second, an increase in their asset allocations toward multifamily propertie...

Read More

Essex Financial Group - Real Estate Analyst Opening

Essex Financial Group – Real Estate Analyst Job Description  Company Description:Essex Financial Group ("Essex") is the largest independently-owned commercial mortgage banking firm in Colorado.  Essex specializes in commercial real estate debt and equity placement.  For over 30 years, Essex has helped its clients navigate the capital markets efficiently to identify the best capital source and structure to meet their financing needs and objectives.As a loan correspondent for 25 life insurance companies, including several on an exclusive basis, Essex is able to access non-recourse, low-interest rate capital that nobody else can provide.  While founded a...

Read More

Featured Image for 2018 1Q Financing Update

2018 1Q Financing Update

The start of a new year provides us with a chance to reflect on the past twelve months and identify a few key insights into the capital markets that our Borrowers can hopefully take advantage of heading into 2018.  Perhaps the most dramatic change in the debt markets in 2017 was the flattening of the yield curve, brought on by the Federal Reserve’s decision to raise its target for the short term federal funds interest rate on three separate occasions in March, June, and December. The federal funds rate is the interest rate that banks charge each other for overnight loans, and as a result, has a more direct impact on short-term interest rates. The chart above shows...

Read More