Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-The local office of L.J. Melody & Co. has arranged $26.875 million to refinance three office buildings for Minshall Stewart Properties of Bethesda, MD. But only one of the buildings is in Denver, although all three deals were put together by Eric Tupler and James T. Cobb Jr. of Denver’s L.J. Melody office.

The largest refinance was a $14.5 million loan on 88 E. Broad St., a 253,309-sf class A office building in Downtown Columbus, OH. Bear Stearns provided a 24-month floating rate bridge loan on an interest only basis.

In the Denver deal, Bear Stearns provided a 24-month floating rate bridge loan for $6.2 million for Plaza 6000, a 104,000-sf office building at 6000 E. Evans Ave.

The third deal was a $5.175-million fixed-rate loan on the Summit building, an 80,600-sf building in Silver Springs, MD. The loan provides a five-year term with a 30-year amortization schedule.

Minshall Stewart aligns itself with institutional capital providers and invests in opportunistic real estate deals where it can add value. L.J. Melody, based in Houston, is a CB Richard Ellis company. It is one of the largest real estate investment banking firms in the U.S. Over the past two years, it arranged $13 billion in commercial real estate deals nationwide.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.