Essex Financial Group is the #1 originator of life insurance company debt in Colorado.  Below is a sampling of recent life insurance company loans that were originated and closed by Cooper Williams in June 2018.


Arvada HGI - $16,800,000

The Arvada Hilton Garden Inn (Arvada HGI) is a newly-constructed, 139-room limited-service hotel located in Arvada, CO.  Arvada HGI opened in March 2017 and has seen tremendous success, catering to both business travelers and tourists.  The limited-service hotel is located only a few blocks from Old Town Arvada and the Arvada Gold Line, which will provide light rail service to downtown Denver by 2018. 


Essex arranged a $16,800,000 non-recourse loan to refinance the developer’s construction debt and fix a competitive interest rate for 7 years.  Essex sourced the loan with one of its exclusive life insurance companies, and the loan funded with only 12 months of operating history.    


Frontier Warehouse - $12,000,000

Frontier Warehouse is a 2-building, multi-tenant industrial asset in Boulder, CO.  The Subject Property consists of approximately 190,000 square feet on 11 acres, and the asset was 100% leased to eight (8) tenants at time of refinance. 


Essex arranged $12,000,000 in non-recourse financing to refinance the Subject Property and payoff an existing loan.  The borrower was in a fixed prepayment period and decided to refinance the property early with a new 10-year loan, given the current rising interest rate environment.  Essex sourced the loan with one of its correspondent life insurance company lenders. 


Plaza Northwest - $2,700,000

Plaza Northwest is a 27,000 square foot neighborhood retail center in Westminster, CO.  The Subject Property is located immediately adjacent to the Westminster Mall redevelopment and represents a unique value-add investment opportunity with good in-place cash flow and a unique location next to a major redevelopment site.


Essex arranged a $2,700,000 non-recourse loan to acquire the asset and execute the borrower’s value-add business plan to improve the asset, backfill vacancy, and increase the rents over time.  The property was 81% occupied at acquisition, and Essex secured a 5-year fixed-rate loan from one of its exclusive correspondent life insurance company relationships.   


5150-5160 Fox - $1,430,000

5150-5160 Fox Street is a two-tenant industrial building located in Denver, CO.  The building was constructed in 1979 and consists of 23,100 square feet with 0.60 acres of yard storage, which is a valuable amenity in Denver’s central industrial market. 


Essex arranged $1,430,000 in acquisition financing to acquire 5150-5160 Fox Street and hold the property long-term in accordance with the borrower’s business plan.  The 10-year, non-recourse loan has a competitive fixed rate and was placed with one of Essex’s exclusive life insurance company relationships.