April 30, 2024
Prime Rate
8.50%
5.19%
4.67%
3.85%
Photo of Riverside Downs
Property Type
Retail
Transaction Details

$8,000,000 Permanent
Life Insurance Company

Transaction Name
Riverside Downs
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Transaction Details

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.

Our Solution

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.