La Conte Center

Transaction Details

Alex Riggs at Essex Financial group arranged $3,000,000 in permanent financing for the refinance of a 19,928 SF multi-tenant retail property located in Westminster, CO. The property is situated near the intersection of 72nd and Federal, just south of I-36.

The Proposition

The Sponsor purchased the property in 2018 at 70% occupancy and has since brought the building up to 100% occupancy. The Sponsor was seeking permanent financing for the asset.

Our Solution

Essex arranged a 10-year permanent non-recourse loan with one of its exclusive correspondent life insurance companies and executed a 45 day closing.