$8,000,000
Permanent
Life Insurance Company
Riverside Downs is a 100,000 square foot retail center located near the intersection of South Santa Fe Drive and West Belleview Avenue in Littleton, CO. The center, anchored by 24-Hour Fitness, contains a strong group of national and local tenants, and contains approximately 10,000 square feet of office space.
Michael Salzman, Vice President of Loan Production at Essex, arranged the fixed-rate, non-recourse financing. The 20-year fixed-rate loan has a 25-year amortization schedule and was placed with one of Essex Financial Group's correspondent life insurance company lenders.