In the larger of the two deals, it arranged a permanent loan for $5.16 million for Montbello Warehouses. They are located at 5000 Moline St., 4925-4975 Nome St. and 5005 to 5025 Nome St. The warehouses represent a portfolio of three fully occupied industrial buildings with a total square footage of 235,500 sf.
The Moline Street property contains 133,060-sf on 5.2 acres, the 4925 Nome St. property consists of 51,300-sf on 2.05 acres and the 5005 Nome St. property contains 51,130-sf on 2.53 acres.
Steve Bye, EVP and senior managing director; Dan Koehler, associate producer; and Steve Clifford, senior investment analyst of NorthMarq's Denver office, arranged the financing for the borrower, Yampa Valley Land & Cattle Co.
In the other deal, NorthMarq's Denver office arranged a loan modification of $1.65 million for 8 West Dry Creek Office Building at 8 West Dry Creek Circle in Littleton, CO. The two-story, 25,530-sf office building, constructed in 1982, is situated on a 2.67 acre site.
Jeff Fabian, VP, and Elaine Kramer, senior investment analyst of NorthMarq's Denver office, arranged the financing through Columbian Mutual, one of NorthMarq's life correspondent lenders, on behalf of the borrower, 48th Avenue Realty Company, based in New York.
NorthMarq Capital Inc. is a national real estate investment banker that provides financing for many types of commercial real estate including office, retail, industrial, multifamily and assisted living development. It services a portfolio of $12 billion on behalf of 50 institutional investors.
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