April 20, 2024
Prime Rate
8.50%
5.19%
4.60%
3.85%

Posts in Recent Transactions

Essex Secures $13.0M Acquisition Loan for Aurora Shopping Center

Aurora, CO – Essex Financial Group arranged a $13.0M loan for the acquisition of Summer Valley Shopping Center, a 95,669 SF retail center located in the southeast Denver metro area. Essex worked on behalf of the buyer to source the 10-year, fixed rate loan for the acquisition.Summer Valley Shopping Center is currently 99% leased to a diverse group of 18 retailers. The Center is anchored by VASA Fitness, a leading operator of health clubs in the Western U.S. Dollar Tree is the junior anchor. The Property sits on an 8.7-acre site at the highly trafficked intersection of East Quincy Avenue and South Buckley Road. More than 62,000 vehicles travel this intersection daily...

Read More

Essex Arranges $17.0M Acquisition Loan for Lakewood Office Property

Lakewood, CO – Essex Financial Group secured $17.0M of bridge financing for the acquisition of 143 Union, a 191,564 SF, 10-story office property centrally located in the Union Boulevard Corridor in Lakewood, CO. Essex worked on behalf of the buyer, Legacy Real Estate Investments, to source the five-year, fixed rate loan that was provided by an insurance company Essex has a long-standing relationship with. 143 Union, a class A landmark 10-story building occupied was just over 70% occupied to a wide range of tenants that benefit from convenient light rail and vehicular access, walkable retail and restaurants, and upgraded common areas. The property is located in the su...

Read More

Essex Secures a $32M Acquisition Loan for Cherry Creek Mixed-Use Property

Denver, CO – Essex Financial Group (“Essex”) arranged $32.0M in acquisition financing for the purchase of 2nd & Josephine, a four-building, 105,253 SF mixed-use property in the heart of Cherry Creek North. Essex worked on behalf of the buyer, Altus Properties, to source the seven-year, fixed rate loan with a prominent life insurance company. 2nd & Josephine is situated on a ½ city block in Denver’s strongest office market, surrounded by top restaurants, hotels, retailers, abundant new construction and more. The Property is currently 100% leased and anchored by Bank of America and boasts an average historical occupancy of 93% since the last building was built...

Read More

Essex Secures a $13.8M Acquisition Loan for Boulder County Industrial/Flex Property

Longmont, CO – Essex Financial Group (“Essex”) arranged $13.8M in acquisition financing for the purchase of Front Range Business Park, a two-building, 117,106 SF industrial/flex complex located in Boulder County. Essex worked on behalf of the buyer, Ivy Realty, to source the seven-year, fixed rate loan for the acquisition with a regional bank. Front Range Business Park is 100% leased to the State of Colorado’s Front Range Community College (“FRCC”), the largest community college in Colorado, on a long-term lease. Built in 1988, the property was originally designed for small bay industrial/flex use and includes 9 dock-high loading doors between the two buildings. It...

Read More