October 19, 2018
Prime Rate
5.25%
2.28%
3.21%
3.23%
Photo of Tamarac Shopping Center
Property Type
Retail
Transaction Details

$12,300,000 Permanent
Life Insurance Company

Transaction Name
Tamarac
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Transaction Details

Essex Financial Group arranged a $12.3 million loan for a 45,495 square foot retail property called Tamarac Shopping Center in Denver, CO. The center, which is shadow anchored by a corporately-owned Target Store, is well-located on a major retail thoroughfare and was 100% occupied at the time of closing. The property’s strong lineup of national, regional, and local tenants includes Chic-fil-A, Benihana, Ace Hardware, Phoenix Salon, and Fantastic Sam’s.

The Proposition

The Borrower hired Essex Financial Group to source a permanent, non-recourse loan.

Our Solution

Michael Salzman arranged the fixed-rate loan, which was placed with one of Essex Financial Group’s correspondent life company lenders.