February 19, 2019
Prime Rate
5.50%
2.48%
2.55%
2.58%
Photo of Milestone Center
Property Type
Retail
Transaction Details

$7,000,000 Permanent
Bank

Transaction Name
Milestone Center
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Transaction Details

Essex Financial Group arranged a $7 million loan for the re-positioning of a 69,500 square foot retail property called Milestone in Castle Rock, CO. The center, formerly occupied by a King Soopers grocery store, is 100% leased to two new tenants. Michael Salzman arranged the loan, which was placed with one of Essex Financial Group's relationship banks.