Meridian Mart
Commerce City, Colorado
$4,000,000
Permanent
Life Insurance Company
Transaction Details
Meridian Mart is an industrial property located in Commerce City, Colorado, just southeast of the 58th Ave and I-25 interchange. Meridian Mart was built in 1973 and totals 104,023 square feet of warehouse space.
The Proposition
The current owner of the property, who has owned the property since 1999, was interested in taking advantage of the current interest rate environment to refinance his existing loan.
Our Solution
Essex Financial Group helped arrange a $4,000,000 non-recourse loan with one of its exclusive life insurance company relationships. The 10-year loan has a competitive fixed interest rate with a 30-year amortization.