1898 South Flatiron Court
Boulder, CO
$4,630,000
Permanent
Life Insurance Company
Transaction Details
1898 South Flatiron Court is a 41,000 square foot flex/industrial building in Boulder, CO. The two-story building was constructed in 1974 and is located within the Flatiron Business Park, a highly-desirable business park with 45 buildings and 200 acres in east Boulder. 1898 South Flatiron Court is the corporate headquarters and key manufacturing/distribution facility for Upslope Brewing Company, a growing regional brewery that was founded in 2008.
The Proposition
Essex Financial Group was approached by Upslope Brewing Company and its joint venture partner to help arrange permanent, non-recourse financing to acquire 1898 South Flatiron Court and make it a long-term permanent home for the brewery.
Our Solution
Essex Financial Group arranged a $4,630,000 non-recourse loan with one of its exclusive life insurance company relationships. The loan represents 65% of the purchase price and has a highly-competitive interest rate that is fixed for 15 years. Essex was able to help the borrower and lender close the acquisition loan in 36 days.